Â
Sponsored by
NATIONAL NEWS
Holiday shoppers head online in droves to pick up Cyber Monday deals
Posted: Nov 26, 2012 12:16 PM by The Associated Press
Updated: Nov 26, 2012 12:26 PM
NEW YORK (AP) - Cyber Monday appears on track to becoming the biggest online shopping day ever, and web traffic isn't expected to peak for another several hours.
IBM Benchmark says, as of noon Eastern time, sales were up more than 24 percent compared with last year.
And ComScore says nearly $14 billion already has been spent online this holiday season, a 16 percent increase.
Analysts say the online sales are growing as shoppers become comfortable with, if not hooked on the convenience of the Web and the deals to be found. Adding to the boom are sales from smartphones and tablet computers.
The National Retail Federation coined the term "Cyber Monday" in 2005 as data showed people were doing a lot of shopping on their work computers on the Monday following Thanksgiving. But it now looks like the advances in technology could allow companies to reclaim some of that lost productivity. The group's digital division Shop.org says people are relying less on work computers to shop with the growth in high speed Internet access and the popularity of mobile devices.
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
KSBY.COM VIDEOS
-
Watch as a local meteorologist tracks the path of deadly tornado as it hits Moore, Oklahoma
Views: 263 May 21, 2013 -
Toddler who lost feet in lawnmower accident meets the dolphin famous for her prosthetic tail
Views: 53 May 20, 2013
Comments