Cyber Monday Sales Set Record, Black Friday Disappoints
Online sales surpassed the $2 billion mark for the first time ever, but sales from the holiday weekend still fell short of expectations.By John O'Connor | December 3, 2013
After a disappointing Black Friday weekend for brick and mortar retailers, Cyber Monday set a new record in online sales topping $2 billion for the first time ever.
Adobe, which tracks 2,000 retail websites, says online sales increased by 16 percent from last year to nearly $2.3 billion. A record 18 percent of those sales were for smartphones, up 80 percent from last year. (Via WTNH)
Cyber Monday was the fifth straight day of record breaking online sales as some online retailers have earned more than 10 percent of their annual sales just since Thanksgiving Day.