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Monday, December 01, 2008
We were all a little scared when comScore put out a press release stating:
"Monthly retail e-commerce sales estimates, which showed that online spending in October 2008 grew by only 1 percent over October 2007, the lowest monthly growth rate since comScore began tracking e-commerce in 2001."
A new press release issued yesterday from comScore stated the following:
"For the holiday season-to-date, $10.41 billion has been spent online, marking a 4-percent decline versus the corresponding days last year, while Black Friday saw $534 million in online spending, up 1 percent. For the combination of Thanksgiving Day and Black Friday, online sales were up 2 percent relative to last year."
Today Shawn Collins Affiliate Tip Blog shared interesting statistics for retailers:
So everyone wondered.... what would Cyber Monday bring to online retailers?
So far, the news has been good!!
In fact, The Boston Globe posted an article on their website at 11:33 am this morning called "Akamai: Cyber Monday is off to a promising start." (Thanks Mike Ober at Yahoo for sharing!)
Next, Rob Snell shared with us via Twitter:
FYI: I'm seeing a CyberMonday 30.5% increase over same first 12 hours 2007 on my "index" ;) Sweet Christmas!
According to Sacramento Business Journal, even Paypal is seeing a huge increase:
Why? Too much traffic! It is like gridlock in LA traffic (thank god I do not live there anymore)
This is GOOD news if you think about it. This means shoppers ARE coming online and according to many reports, they are buying!
Don't forget Yahoo Store Owners...this is not your busiest day!
Watch out for December 8th, 9th, and 15th according to Mike Ober via Twitter.
More info to come!
by: Shawna Seigel
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