Cyber Monday Sales Jump, Set to Surpass Initial Estimate

[jpak]

Source: Fortune

U.S. online sales gained momentum on Cyber Monday and are set to surpass initial expectations by hitting a record $3.39 billion as consumers snapped up deals on the busiest day of the year for Internet shopping.

The revised outlook dismissed fears that a strong jump in web sales during the Thanksgiving weekend would hurt Cyber Monday. It also underscored the broader shift to shopping online, which is making up for slower spending in stores.

Sales on Cyber Monday were expected to finish up 10.2% from a year ago at $3.39 billion, compared with an earlier estimate of $3.36 billion, according to Adobe Digital Insights.

As of 12 p.m. EST on Monday—the latest figures available—sales totaled $1.19 billion. Adobe will release final figures on Tuesday.

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Read more: http://fortune.com/2016/11/29/cyber-monday-sales-jump/

[Renew Deal]

1. The problem with online shopping is you reduce the risk of stampede or assault.

And we all know how much people look forward to it

[bucolic_frolic]

2. eBay was comatose for me

maybe i've hit a speed bump