facebook
twitter
rss
account
search
search
 

Cyber Monday shoppers to spend $1.5B

Nov. 26, 2012 at 3:00 AM   |   Comments

//cdnph.upi.com/sv/em/upi/UPI-92121353916800/2012/1/f3b501799128865e06b7aa908e126c2a/Cyber-Monday-shoppers-to-spend-15B.jpg
NEW YORK, Nov. 26 (UPI) -- U.S. Black Friday online sales jumped 26 percent to more than $1 billion for the first time -- and now, four days later, there's Cyber Monday.

Black Friday online sales rose to $1.04 billion from $816 million on 2011's Black Friday, research company ComScore said.

U.S. shoppers would likely spend a record $1.5 billion on Cyber Monday, $250 million more than in 2011, the company said.

The most-visited retail site Friday was Web-only retailer Amazon.com, followed by the websites of brick-and-mortar stores Walmart, Best Buy and Target, and then by Apple, ComScore said.

Online spending throughout the holiday season is expected to increase 17 percent to $43.4 billion, ComScore said.

Cyber Monday, created by the online branch of the National Retail Federation in 2005, is a marketing term for the Monday after Black Friday, which itself is the day after the U.S. Thanksgiving.

The term is now used by online retailers in Canada, Britain, Portugal, Germany and Chile.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
New York Post defies #ISISMediablackout with graphic James Foley cover
2
Russia, Ukraine give ICRC necessary security guarantees for aid convoy
3
NATO soldier stabbed, killed near Kabul airport
4
Group tweaks Westboro Baptist Church with 'God Loves Gays' campaign
5
New York Times reporter ordered to leave Afghanistan
Trending News
Video
x
Feedback