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

Store t-shirts, cheap and silkscreened, large stock of shirts advertising
Published by Cami Setas on May 17th 2012 | Business
Online shop. In our shop you can buy shirts with prints for individuals, companies and teams....
 
The advantages and disadvantages of bollywood news
Published by Nidhigupta on July 17th 2012 | Business
Today news is considered and is indeed a very strong and the most popular weapon which is used by th...
 
Acquaint yourselves with news headlines in the comfort of your home
Published by Nidhigupta on July 7th 2012 | Business
Most of the people prefer referring to news headlines on the television. There are ample to televisi...
 
Hot updates about the latest India news
Published by Nidhigupta on June 15th 2012 | Business
In India, people have started developing a keenness for educating themselves with the most recent an...
 
Some advantages of the fulfilment houses and the stock management companies
Published by Diego Hall on January 9th 2012 | Business
A business can only be successful enough when it is dealt professionally in terms of stock managemen...
 
The shameful and terrible India latest news
Published by Nidhigupta on July 11th 2012 | Business
It is not a hidden fact, that India has a huge population. Thus, with such big population it is obvi...
 
Helpful guidelines to write press releases on current business news
Published by Alva Grace on December 27th 2011 | Marketing
The success of a business depends not only on its products and services but also on its promotional ...
 
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...
 
Impact of news in Punjab
Published by Nidhigupta on July 25th 2012 | Business
One of the basic necessities of the modern man: news. Not only it informs us about the happenings ta...
 
The progress India news today has made
Published by Nidhigupta on June 20th 2012 | Business
India, as we all know, is a very unpredictable country. Anything can happen anywhere and at anytime....
 
The benefits and drawbacks of international news
Published by Nidhigupta on July 7th 2012 | Business
International news is projected in different countries in different languages. There are various tel...
 
KlikBang Money- the news source!
Published by Jamessms on March 15th 2012 | Business
Wish you had an amazing source of information that could keep you informed about possibly just anyth...
 
Get the Unlimited latest news online
Published by Nidhigupta on June 22nd 2012 | Business
People have developed a general awakening amongst them and are very much interested in raising their...
 
The innovative era of latest news
Published by Nidhigupta on July 16th 2012 | Business
News has proved to be the essential par of our daily lives. It has become necessary to have the dail...
 
The progress of state news of India
Published by Nidhigupta on June 12th 2012 | Business
News, as we all know keeps us updated with the most recent and current affairs that are taking place...
 
Online news is very beneficial
Published by Nidhigupta on June 12th 2012 | Business
Everyone today is keen on knowing about what is happening in their city, across their country, aroun...
 
Get alerts about today news
Published by Nidhigupta on May 16th 2012 | Business
Online news updates help in getting the newfangled news every time. It is offline as well as online....
 
Need to consult an experienced distribution company to publish industry news releases
Published by Andersonclark on February 6th 2012 | Business
Online has been preferred for publishing business or industry news, simply because the news will spr...
 
The importance of UP news
Published by Nidhigupta on June 13th 2012 | Business
Uttar Pradesh rather UP is located in the northern part of India. It is the most populated state of ...
 
Current news in several forms
Published by Nidhigupta on May 3rd 2012 | Business
Nowadays there is a tight connection in the world. The whole wide world has been turned into a globa...