retail news in context, analysis with attitude

The Wall Street Journal reports this morning that “early estimates indicated overall sales gains of about 20% from a year earlier for ‘Cyber Monday,’ the nickname for the Monday after Thanksgiving.

“That comes on top of strong online sales growth on Thanksgiving Day and Black Friday. For those two days combined, comScore Inc. reported that online shoppers spent about $1.1 billion, up more than 15% from $913 million a year earlier.”

According to the story, “Driving activity were Cyber Monday discounts of as much as 60% on sites such as Toysrus.com, as well as extensive free shipping offers ... Amazon's traffic on Black Friday went up 25%, according to comScore Inc. Target Corp. saw its Black Friday online traffic jump 9%, according to comScore, making it the third-most visited retail website, behind Amazon and Walmart.com.
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