Cyber Monday Web Sales Rose 17% to a Record $2 Billion
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Holiday shopping on the Web rose 17 percent in the U.S. to a record $2.04 billion on Cyber Monday, researcher ComScore Inc. said, as consumers took advantage of online deals.
Dec. 1 -- this year’s Cyber Monday, so named because of a surge in online retail sales the Monday after Thanksgiving -- remains the busiest Internet shopping day so far this year, topping Black Friday’s $1.51 billion in desktop Web sales. Still, growth on Cyber Monday is slowing as consumers spread out their purchases to other days. On the same day last year, online retail sales on desktop computers rose 18 percent.