Online retail sales soared 19.4 percent through the afternoon of Cyber Monday from the prior year, according to data from Coremetrics, a division of IBM (NYSE: IBM).
The National Retail Federation (NRF) said that 212 million U.S. shoppers visited stores and websites over the Black Friday weekend, up from 195 million last year. Moreover, the average shopper spent $365.34 this weekend, up from last year’s $343.31 figure.
Despite the big build-up, retail sales on Black Friday were rather tepid. According to data from ShopperTrak, sales edged up a mere 0.3 percent from the same day last year.
More consumers in China will shop online on Cyber Monday than in the U.S., UK, Germany and Japan, according to a survey by eCoupons.com/Ipsos.
Over 106 million Americans plan to shop on Cyber Monday, the ceremonial kickoff to the online holiday shopping season, up significantly from the estimated 96.5 million who shopped last year, a survey showed.
The U.S. online retail sector delivered double digit growth on Black Friday 2010 compared with the year-ago levels, according to a report from IBM. The findings showed that online sales rose 15.9 percent, with consumers pushing the average order value up 12.1 percent to $190.80.
The holiday season means some of the busiest days for companies such as Fedex and UPS.
Some studies indicate that Cyber Monday and other web promotions have taken customers out of line on Black Friday.
Beginning well before midnight on Thursday, in malls throughout the nation, the lifeblood of the American economy – the consumers – will start queuing up outside the locked entrances of various retail stores, forming longer and longer lines, clutching ads and lists and coupons, sipping coffee and hot chocolate, rubbing their hands and stomping their feet for warmth, exciting each other with anticipatory chatter, and waiting, waiting for the clock to strike the appointed hour, the clerk to open ...
comScore (NASDAQ: SCOR), an internet marketing research company, said it expects online shopping to increase by 11 percent this holiday season.
Commonly known as Black Friday, the day after Thanksgiving in the U.S. is considered one of the biggest retail days of the year. Most shops in the country start as early as 5 AM and stay open till late, offering massive discounts. Gadgets still top the list among the most sought after category of goods.
As “Black Friday” approaches next week, U. S. retailers are expecting a strong holiday season – at least, compared to the dismal performance of the past two years.
Here’s a list of retailers luring Black Friday shoppers with tempting deals
More than 400 Fashion Bug stores will be open Nov. 25, 2010 on Thanksgiving Day between 8 am and 3 pm. Fashion Bug will open all of its stores at 6 am on Black Friday, November 26, 2010 for the first time ever with doorbuster deals and storewide sales on every item.
The day after Christmas was the second-biggest shopping day during the U.S. holiday season, with $7.9 billion spent, even though traffic in stores fell 6.6 percent from a year ago, ShopperTrak said on Wednesday.
U.S. retailers performed better during the holiday shopping season this year than in historically dismal 2008, in line with lowered expectations, according to data released on Monday.
U.S. retailers performed better during the key holiday shopping season this year after a historically dismal 2008, performing in line with dampened expectations, according to data released on Monday.
U.S. retailers' final weekend sales push before Christmas was under threat as a severe winter snowstorm struck the East Coast, forcing store closures and keeping shoppers at home on Super Saturday.
Bargain-hunting shoppers are poised to flood U.S. stores on Super Saturday, but severe winter weather is threatening the East Coast and could limit turnout on what was shaping up to be the most important weekend for holiday sales.
Bargain-hunting shoppers are expected to flood stores on Super Saturday weekend -- the last before Christmas -- and deliver retailers the highest weekend sales so far this holiday season.
Bargain-hunting shoppers are expected to flood stores on Super Saturday weekend -- the last before Christmas -- and deliver retailers the highest holiday weekend sales so far this season.
U.S. retailers from Macy's to Costco posted much weaker-than-expected sales for November as shoppers focused only on big bargains at the start of the key holiday selling season.
