- Fox CEO wants US to join France on Internet piracy
- Newspaper circulation may be worse than it looks
- GE, Vivendi talks over NBC Universal stretch on
- B&N Nook sells out, too late for holiday orders
- Dell's profit, stock drop on weak quarterly report
- AOL offers buyouts to over a third of work force
- Google's Chrome OS to be ready for 2010 holidays
- Google adding automatic captions to YouTube videos
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Why Amazon Rules Retail
- HP Comes in As Expected; Is It Time to Buy?
- Paul: Audit the Fed
- Wave of Debt Payments Facing US Government
- JAL Slides to Record Low on Bankruptcy Jitters
- Prepare For Large Decline In Stocks, Next Year?
- The Social Media Gaming Threat
- Holiday Travel Outlook
- Gold Will Collapse Like Oil Did in 2008: Charts
- Tuesday's Heavy Dose of Data to Dictate 'Risk' Behavior
- Obama says Boosting US Jobs is Top Priority
- More Consumers Giving 'Black Friday' the Cold Shoulder
- Prepare For Large Decline In Stocks, Next Year?
- Appeals Court Denies Microsoft's Alcatel Petition
- HP Comes in As Expected; Is It Time to Buy?
- Cramer: What Monday’s Housing Number Really Means
- Why the Dollar Will Likely Stay Weak for Some Time
- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
Text Size 
Online spending on the Monday after Thanksgiving reached $846 million, up 15 percent from a year earlier, but e-commerce spending for the holiday season to date is off 2 percent as consumers wait for deals, tracking firm comScore Inc. [SCOR
Loading...
()
] said on Wednesday.
 |
This year's online tally for the so-called "Cyber Monday," when consumers log on -- many from work -- seeking better deals than they saw on visits to physical stores, ranked as the second-heaviest online spending day on record, behind the $881 million spent on December 10, 2007.
Retail experts have voiced concerns that deep discounts from traditional brick-and-mortar chains may take sales from their online rivals. This year's holiday season is expected to be one of the bleakest in years as rising unemployment and tighter lending standards strain consumers' buying power.
But comScore said the solid online spending showing for the first Monday after the holiday shopping season officially began was an encouraging sign for retailers.
"Consumers are clearly responding positively to retailers' aggressive online discounts," comScore Chairman Gian Fulgoni said in a statement.
For the holiday season to date, which is defined as November 1 to December 1, online spending stood at $12.03 billion, down 2 percent from $12.22 billion a year earlier. On Thanksgiving Day, e-commerce spending came to $288 million, up 6 percent from the year ago.
On Black Friday, the day after Thanksgiving that traditionally kicks off the holiday shopping season, comScore said online spending inched up 1 percent to $534 million. Internet spending was up 13 percent for the four-day period from Black Friday through Cyber Monday.
Print
Email
- The show attracts a big TV audience every year, but this year it may take on even more importance.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- CNBC’s Phil LeBeau took a test drive of GM’s flagship electric car. Here’s what he thought of the Volt.
- The energy company Power Efficiency is building tools that regulate the power electric motors use.
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes