Mobile takes large share as Cyber Monday sales jump 16%


Cyber Monday Internet sales climbed 16% from last year to a record $2.29B, Adobe estimates, with Internet transactions for the five-day Thanksgiving shopping period jumping 26% to $7.4B.

Sales from mobile devices soared 80% yesterday and accounted for 18.3% of the total.

"This is the first holiday season where mobile is absolutely having its mark on overall retail sales, whether that's from a smartphone or a tablet," says JMP Securities analyst Ron Josey

The National Retail Federation expects Internet transactions to grow 15% to $82B this holiday season, much faster than the 3.9% increase that the NRF projects for total sales.

More on Thanksgiving and Black Friday sales.

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Comments (3)
  • june1234
    , contributor
    Comments (4357) | Send Message
     
    retail sales black friday down 3% from 012 cyber monday up 16%
    3 Dec 2013, 08:01 AM Reply Like
  • tom g
    , contributor
    Comments (84) | Send Message
     
    It amazes me that when cyber sales are so positive the list of the stocks most impacted by cyber sales excludes Visa and Mastercard
    3 Dec 2013, 08:06 AM Reply Like
  • Elijahu
    , contributor
    Comments (27) | Send Message
     
    Because retail sales are mostly in cash and checks?
    3 Dec 2013, 09:30 AM Reply Like
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