Cyber Monday sets U.S. online sales record

Consumers spent $1.47 billion on the Web on the first Monday after Thanksgiving, up 17%

Shoppers went hunting for bargains over the Internet on Cyber Monday in yet another round of retail mania this month, setting a record as the biggest online shopping day in U.S. history.

Web merchants raked in $1.47 billion in sales on the first Monday after Thanksgiving, up 17 percent over the same day last year, according to research firm ComScore Inc.

On Cyber Monday, when online merchants like to offer bargains of all kinds, e-commerce giant Amazon.com Inc. said it sold the most Kindle tablets ever, while Walmart.com, the online arm of the world's largest retailer, enjoyed its best day in history.

"Cyber Monday was fantastic," said Maggie Glover, a spokeswoman for ModCloth, a San Francisco online retailer of vintage-inspired clothing and accessories.

Glover said she hasn't seen precise figures yet, but expects Cyber Monday will rank in the top five shopping days of the year.

Nearly half of all dollars spent online at U.S. websites came from people using work computers, while most of the other half came from people buying at home, ComScore said.

"Cyber Monday has assumed the mantle as the top online spending day for the past two years," said Gian Fulgoni, chairman of ComScore. That's a "trend we expect to hold once again in 2012."

Cyber Monday has gained popularity as people become more comfortable shopping on computers and mobile devices. NPD Group reported that 58 percent of those who shopped online on Cyber Monday bought something, up from 47 percent on the same day last year.

Clothes topped the list of items that were purchased that day


Reader Reaction
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Rules. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or fill out this form. New comments are only accepted for two weeks from the date of publication.
COUPON OF THE WEEK