Wednesday, January 12, 2011

Cyber Monday 2010 Hits huge sales!

By Ashlee Mathews


Cyber Monday is a marketing term for the Monday immediately following Black Friday, the Friday following Thanksgiving Day in the United States, created by companies to persuade people to shop online. With Internet shopping now as part of the mainstream, many consumers now head into space in search of the best Cyber. Cyber Monday is traditionally the day when everything kickoff. Many retailers traditionally open their doors at midnight on Black Friday, attracting shoppers with heavily advertised discounts. In 2010, online sales on Cyber Monday surged nearly 20% from last year, according to findings from an analytics group released Tuesday.

More people were shopping online and the individual orders were larger than last year. Coremetrics said the average order value on Cyber Monday was $194.89, an increase of 8.3% from last year's average of $180.03. Cyber Monday sales also outdid this year's Black Friday online sales by 31.1%, according to Coremetrics. Shoppers also used mobile devices to make their purchases, with nearly 4% of all Cyber Monday shoppers using smart phones and other devices.

Digital shoppers spent $407 million on Thanksgiving, traditionally a slow shopping day, according to comScore. That's a 28 percent increase over 2009. The apparent increase in online shopping comes as analysts are predicting an increase in overall holiday spending. ComScore said that online shopping so far in November has been up as well.

More people were shopping online and the individual orders were larger than last year. Coremetrics said the average order value on Cyber Monday was $194.89, an increase of 8.3% from last year's average of $180.03. Cyber Monday sales also outdid this year's Black Friday online sales by 31.1%, according to Coremetrics.

Shoppers also used mobile devices to make their purchases, with nearly 4% of all Cyber Monday shoppers using smart phones and other devices Merchant websites drew 1,333,336 global page visits per minute during the noon ET hour, according to e-commerce tracking company Akamai. While that was a solid number, it was actually a little below the noontime peak of 1,337,601 page visits per minute globally three days earlier, on Black Friday, which is supposed to be the big day for traditional stores. As the Internet continues to become an integral part of our lives, it seems more and more buyers will look for their best online. Cyber Monday is here to stay. Cyber Monday has become the most well-known Internet shopping day of the holiday season, even though it is not the busiest one.




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