Skip the navigation
)
News

Big Cyber Monday expected to follow strong Black Friday

Amazon.com, Wal-Mart are big Black Friday winners among online retailers, says comScore

November 28, 2011 10:44 AM ET

Computerworld - If Black Friday was any indication of a move to online shopping, e-tailers on Cyber Monday may be headed to a record breaking sales day.

Today is Cyber Monday, the first work day after Thanksgiving that often finds office workers spending much of the day shopping online instead of catching up on email and paying attention in meetings.

Black Friday, the day after Thanksgiving long known for its shopping frenzy at brick-and-morter stores, was also a big day for online retailers this year.

"Despite some analysts' predictions that the flurry of brick-and-mortar retailers opening their doors early for Black Friday would pull dollars from online retail, we still saw a banner day for e-commerce with more than $800 million in spending," said comScore chairman Gian Fulgoni, in a statement. "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."

ComScore, an online traffic tracker, noted that Black Friday brought in $816 million in U.S. online sales, making it the heaviest online spending day to date this year. Friday's online sales revenues represented a 26% spending increase compared to the same day last year.

During the overall 2011 holiday season to date, U.S. shoppers have spent $12.7 billion online, up 15% compared in 2010, comScore also reported.

"We now turn our attention to Cyber Monday, a day that Shop.org says will see eight-in-ten retailers running special online promotions," said Fulgoni. "Last year, Cyber Monday was the heaviest day of online spending ever, with sales exceeding $1 billion, and we fully expect to see another record set this year."

Which online retailers are doing well - really well - so far this year?

According to comScore, Amazon.com was the top online retailer on Black Friday. Wal-Mart, BestBuy, Target and Apple rounded out the top five respectively.

"Each of the top online retailers generated significantly greater Black Friday activity compared to last year," said Fulgoni.

"Amazon.com once again led the pack, with 50% more visitors than any other retailer, while also showing the highest growth rate versus last year. However, it is telling that the top multi-channel retailers also showed strong growth in visitors, demonstrating the importance of the online channel to the retail industry as a whole," he added.

Sharon Gaudin covers the Internet and Web 2.0, emerging technologies, and desktop and laptop chips for Computerworld. Follow Sharon on Twitter at Twitter@sgaudin, or subscribe to Sharon's RSS feed Gaudin RSS. Her e-mail address is sgaudin@computerworld.com.

Read more about E-business in Computerworld's E-business Topic Center.



What is Tech Briefcase?
TechBriefcase is a new, free service where IT Professionals can Search, Store and Share IT white papers and content like this. Learn more
Bookmark content
Speed up your research efforts with content across the web.
Search and Store
Find the white papers you need. Create folders for any topic.
View Anywhere
Open your briefcase on your iPhone, tablet or desktop. Share with colleagues.
Don't have an account yet?
Additional Resources
Security KnowledgeVault
WHITE PAPER
Security is not an option. This KnowledgeVault Series offers professional advice how to be proactive in the fight against cybercrimes and multi-layered security threats; how to adopt a holistic approach to protecting and managing data; and how to hire a qualified security assessor. Make security your Number 1 priority.

Read now.

Cut Communications Costs Once and for All
WHITE PAPER
New IP-based communications systems are being deployed by small and midsized businesses at a rapid rate. Learn how these organizations are enabling faster responsiveness, creating better customer experiences, speeding office or mobile interactions, and dramatically reducing existing communications costs.

Read now.

E-business White Papers
IBM Synchronizes its Commerce 2.0 Strategy with 'Smarter Commerce' Initiative
IDC Insight highlights the important elements of the IBM Smarter Commerce announcement and looks at the implications of the announcement in the context...
How to Justify the Cost of a TMS by Automating Freight Audit & Payment
Read this white paper to learn how implementing a service-based TMS, together with a well designed freight audit and payment module help reduce...
The New Business Case for Inbound Transportation Management
Read this white paper to learn how implementing a cloud-based TMS, together with a well designed freight audit and payment module, can help...
Managing Volatility Through Smart Inventory Planning
This paper will consider the latest developments in inventory optimization technology, including a look at how leading CP companies are using this generation...
Smarter Commerce for Consumer Electronics
Smarter commerce is more than just an idea-when applied, it provides real business results. This paper discusses how IBM helped consumer electronics companies...
All E-business White Papers
E-business Webcasts
Distributed Database Security with Real-time Monitoring
View this demo and learn how IBM InfoSphere Guardium database activity monitoring can help protect your sensitive data in distributed DBMS environments with...
InfoSphere Warehouse Packs Demo
These flash modules make warehousing more tangible and relevant to business users through detailed explanations of the InfoSphere Warehouse Packs.
Delivery Management -- Extending Lifecycle Management
Date: Wednesday, June 20, 2012, 1:00 PM EDT

Siloed organizations continue doing the wrong things and doing things wrong, leading to increased costs,...
Leverage automation today to reduce IT complexity
Date: Tuesday, June 5, 2012, 2:00 PM EDT

Whether your B2B complexity is caused by multiple technologies due to M&A, business or application specific...
Redefine Expectations in the Data Center
Need to do more with less? Watch this video to learn how HP ProLiant Gen8 servers can help your business deploy servers three...
All E-business Webcasts
Newsletter Sign-Up

Receive the latest news test, reviews and trends on your favorite technology topics

Choose a newsletter
  1. View all newsletters | Privacy Policy
IT Jobs