Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Black Friday online sales jump twenty six percent

By Ritika Sharma Subscribe to RSS | November 30th 2011 | Views:
loading
 
  



Initial numbers for Black Friday sales for internet retailers present a pretty rosy picture.

Though Black Friday is considered as the biggest day of the year for brick-and-mortar retail stores, online retailers are also seeing phenomenal year-over-year growth.

Retail e-commerce spending surged 26 percent on Black Friday compared with a year ago, internet research company comScore reported Sunday.

Web retailers took in a total of $816 million on Black Friday, up from $648 million last year, making it the heaviest online spending day to date in 2011.

Thanksgiving day, traditionally a lighter day for shopping, also saw online holiday spending spike 18 percent to $479 million.

For the month of November up to Black Friday, $12.7 billion had been spent online, marking a 15 percent increase over the same month last year.

ComScore Chairman Gian Fulgoni stated, “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 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.”

Web retailers took in a total of $816 million on Black Friday, up from $648 million last year, making it the heaviest online spending day to date in 2011.

The most visited websites:- Despite analysts' predictions that early opening of brick-and-mortar retailers would slash e-commerce, data shows 50 million Americans visited online retail sites on Black Friday, representing a 35 percent increase in traffic versus a year ago.

The most visited website on Black Friday was Amazon, with Walmart, Best Buy, Target and Apple rounding out the top five. Fulgoni said, “Amazon.com once again led the pack, with 50 percent 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."

Focus now on Cyber Monday:- All eyes are now on whether web retailers can sustain the Black Friday momentum through Cyber Monday, when millions of bargain hunters are expected to log on from work.

Last year, online shopping peaked on Cyber Monday, with sales exceeding $1 billion. Nearly 80 percent online retailers plan to offer Cyber Monday promotions ranging from one-day deals on certain items to longer-term incentives. For the month of November up to Black Friday, $12.7 billion had been spent online, marking a 15 percent increase over the same month last year.

Vicki Cantrell, executive director of Shop.org, the digital arm of the National Retail Foundation, said, “With promotions like flash sales that only last an hour or deep discounts on selected lines, shoppers know they can win big on Cyber Monday.

“In addition to putting the finishing touches on their websites, retailers have invested heavily in mobile apps and related content as the appetite for Cyber Monday shopping through smartphones and tablets continues to rise.”

Ritika Sharma - About Author:
Here you can get the latest updates about Finance news. Get more details about Finance and investment news .

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/marketing-articles/black-friday-online-sales-jump-twenty-six-percent.htm

Related Marketing Articles Subscribe to RSS

Recently news about the effectiveness of using Ozone.
Published by Whitescot on December 8th 2011 | Business
Recently, news about the effectiveness of using Ozone to eliminate bed bugs began to spread like wil...
 
Get breaking news with a single click of mouse
Published by Nidhigupta on June 28th 2012 | Business
Due to the latest innovations in technology, media has emerged as a strong power in influencing mass...
 
Get all the agricultural news through Punjab online news
Published by Nidhigupta on July 13th 2012 | Business
Who is not aware of the state of Punjab!!! Even the foreign countries are very well aware about this...
 
How latest world news matters to every individual
Published by Nidhigupta on July 10th 2012 | Business
The importance of latest world news has now been understood by all. Every person after going through...
 
Breaking news from the globe
Published by Nidhigupta on May 26th 2012 | Business
It is crucial for everyone in order to depend on day to use global news. We are able to acquire a gr...
 
The progress today news has made
Published by Nidhigupta on June 2nd 2012 | Business
News is made available to us via news channels, news blogs and websites which feature all the recent...
 
Hot off the press latest Punjab news
Published by Nidhigupta on June 7th 2012 | Business
Punjab, located in the North western part of India is the nation's largest single provider of wheat ...
 
International news- then and now
Published by Nidhigupta on June 2nd 2012 | Business
People all around the world are keen on knowing about the issues and matters of every country. Inter...
 
Get the India news today
Published by Nidhigupta on June 13th 2012 | Business
Television as we all know is the most famous and likeable source of delivering the latest news. A lo...
 
India news gaining lot of attention
Published by Nidhigupta on May 3rd 2012 | Business
Many people might consider India to be a country of the third world. However, very quick development...
 
Trading precious metal… similar to trade as in stock exchange
Published by Trademetals on June 25th 2012 | Business
Trading precious metals is more than just investing money to buy gold. Talking about the economy inv...
 
Get Top news that woes the World
Published by Nidhigupta on May 7th 2012 | Business
News can be anything that is relevant and interesting to the readers. These days it is important for...
 
Automotive news on industry trends
Published by Jamessms on December 26th 2011 | Business
efficiency and greener models, or the discounts and add-ons that come with the amazing pack of wheel...
 
With Stock Daily Quotes Tracker, daily stock quotes is at your fingertips
Published by William Jackson on July 31st 2012 | Business
The latest software in stock market that has been released is Stock Daily Quotes Tracker which async...
 
The benefits of world news
Published by Nidhigupta on June 18th 2012 | Business
The world is coming closer and closer day by day thanks to the latest innovations in science and tec...
 
Stay alert by watching breaking news India
Published by Nidhigupta on June 22nd 2012 | Business
We all know that there are a number of sources like TV, radio, internet, newspapers, etc via which t...
 
The wonders India news channels can do
Published by Nidhigupta on June 7th 2012 | Business
The past records very clearly show that India is a country where in anything can happen any time! Th...
 
The effect of current business news on the businessmen
Published by Nidhigupta on July 9th 2012 | Business
India came to be recognised for its business growth and development only in the 90s. And since then,...
 
Automotive news – for expert opinion
Published by Jamessms on March 7th 2012 | Business
Automotive industry is one of the most buzzing industries of the world. Irrespective of the turbulen...
 
Top Latest news that woes the World
Published by Nidhigupta on May 12th 2012 | Business
News can be anything that is relevant and interesting to the readers. These days it is important for...