Nov 27 - Geezer's Blog - Cyber Monday

The Bottom Line: Learn more about online shopping!

The Full Story:

  • Cyber Monday 2017 is expected to be the largest online shopping day in history – with an expected $6.6-billion in sales.
  • In all, online holiday spending is expected to generate $107-billion in sales this year, an increase of 14% over last year
  • As of 10am ET on this past Black Friday, shoppers had spent $640-million.
  • 72 % of Millennials research and shop their options online before going to a store or the mall.
  • According to Adobe Analytics, in each of the first 22 days of November more than $1-billion in revenue was rung up online.
  • More than 4% of Americans admit that they have made an online purchase (via mobile device) while at a social gathering.
  • Amazon is the most popular online store earning more than 48-billion in the U.S each year.
  • In the past, the average amount spent online per person over Thanksgiving weekend was $172.42. Not too shabby. But the average online shopper spent $194.46 on Monday, nearly 13% higher.
  • If you think shopping holidays are geared towards women, you’re wrong. According to a survey, men (43%) actually claim to shop online during Cyber Monday more than women (39%).
  • On a typical day, online sales peak at 11:25am ET.
Cyber Monday

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