Online spending during the early part of the holiday shopping season is strongest ever
Brick-and-mortar stores weren’t the only recipients of consumer love, as the holiday season kicked off with Black Friday and Cyber Monday following Thanksgiving. Even before Cyber Monday (the biggest online shopping day of the year) actually began, shoppers were heading online to get great deals. According to the analytics firm comScore, U.S. online spending on the Black Friday weekend was the strongest it’s ever been, up 11% over the prior year, with $595 million spent online.
A jump that high is worth taking notice of, especially when you consider that the increase in brick-and-mortar sales from 2008 to 2009 was only 0.5%. Of course, brick-and-mortar spending greatly overshadowed online spending for Black Friday weekend, but the huge disparity between yearly increases for both areas of sales is interesting to note.
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