New online shopping record on Cyber Monday

Posted on Monday, Dec 04 2006 @ 12:08 CET by Thomas De Maesschalck

A market research firm says consumers spend more than $608 million online on Cyber Monday:

Internet shoppers handed $608 million to retailers on the Monday following the Thanksgiving weekend, a 26% increase over the same day last year, comScore Networks said Wednesday. It was the first time single-day online sales broke $600 million.

"While it was certainly an historic achievement, the online holiday shopping season is just beginning to kick into high gear," comScore Chairman Gian Fulgoni said in a statement.

Indeed, Cyber Monday is unlikely to be the biggest online shopping day of the year, but it does mark the first major spike in online holiday spending. Market analysts expect online sales to peak closer to mid-December.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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