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Black Friday Online Shopping Surges 26% From Last Year: A Final Spending Binge Before Hell Breaks Loose?

 
Doc Savage

User ID: 5074252
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11/27/2011 05:55 PM

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Black Friday Online Shopping Surges 26% From Last Year: A Final Spending Binge Before Hell Breaks Loose?
Online shopping sales surge 26 pct on Black Friday

By The Associated Press – 1 hour ago

On the eve of "Cyber Monday," online retailers reported an even stronger start to the holiday shopping season than brick-and-mortar stores.

Research firm comScore reported on Sunday that e-commerce spending jumped 26 percent on Black Friday, the day after Thanksgiving, compared with the same day a year ago. ComScore reported $816 million in online sales for the day, up from $648 million.

The 26 percent growth rate for online sales compares with a 7 percent retail sales increase reported for Black Friday by ShopperTrak, which gathers data from individual stores and shopping malls. At $11.4 billion, the brick-and-mortar sales total still dwarfs the online total.

Gian Fulgoni, comScore chairman, said in a statement that e-commerce enjoyed a banner day, despite some analysts' predictions that early store openings on Black Friday could hurt online sales.

"With brick-and-mortar retail also reporting strong gains on Black Friday, it's clear that the heavy promotional activity had a positive impact on both channels," Fulgoni said.

Thanksgiving is also a big day for online sales, and comScore reported an 18 percent increase this year compared with a year ago, with $479 million in sales.

(Continued at):

[link to www.google.com]

Last Edited by Doc Savage on 11/27/2011 06:52 PM
Anonymous Coward
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11/27/2011 06:22 PM
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Re: Black Friday Online Shopping Surges 26% From Last Year: A Final Spending Binge Before Hell Breaks Loose?
people are sick........
Doc Savage (OP)

User ID: 5074252
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11/27/2011 06:51 PM

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Re: Black Friday Online Shopping Surges 26% From Last Year: A Final Spending Binge Before Hell Breaks Loose?
people are sick........
 Quoting: Anonymous Coward 6105552


Kinda sounds like that "eat, drink and be merry, for tomorrow we die" attitude, doesn't it?

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