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December 1, 2010

Cyber Monday: Heaviest online shopping day ever

So says ComScore:

RESTON, VA, December 1, 2010 – comScore (NASDAQ : SCOR), a leader in measuring the digital world, today reported holiday season retail e-commerce spending for the first 29 days of the November – December 2010 holiday season. For the holiday season-to-date, $13.55 billion has been spent online, marking a 13-percent increase versus the corresponding days last year. Cyber Monday reached $1.028 billion in online spending, up 16 percent versus year ago, representing the heaviest online spending day in history and the first to surpass the billion-dollar threshold.
Posted by Jay Hancock at 11:07 AM | | Comments (1)
        

Comments

First, the best online deals were on Friday. The suckers fell for it again...

Second, "Cyber Monday" is as clunky a name for a shopping day I can imagine. At least Black Friday has a fun, mysterious ring to it. With all the money that goes in to convincing people to spend money, some intern somewhere should be able to coin a better name.

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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