Cyber Monday spending surges - FOX 35 News Orlando

Cyber Monday spending surges

Posted: Updated:

MAE ANDERSON, AP Retail Writer

NEW YORK (AP) — Power up and shop.

Millions of Americans took advantage of online deals ranging from free shipping to hundreds of dollars off electronics and half-price clothing Monday, which was expected to be the busiest online shopping day of the year.

The spending surge on so-called Cyber Monday came after a disappointing holiday weekend in stores. And it showed that Americans are increasingly comfortable buying items on tablets and smartphones.

Early results showed online shopping was up 18.7 percent compared with the same time last year, according to figures by IBM Benchmark. Mobile traffic, which includes smartphones and tablets, accounted for 30 percent of all online traffic.

Brandon Harris, 27, from Memphis, Tenn., started shopping at midnight Sunday and by Monday had spent around $300 and completed half of his Christmas shopping, including a Barbie doll for his niece and a TV for his mother.

"I haven't shopped for a Christmas present in a store in three years," he said, making purchases from his iPad instead. "It's a lot more convenient to be at home and shop."

The National Retail Federation, a trade group, predicts more than 131 million people will shop online Monday, up about 2 percent from last year. Meanwhile, UPS expects to pick up more than 32 million packages on Monday, about a million more than Cyber Monday last year.

And research firm comScore expects Cyber Monday sales of $2 billion, up from about $1.47 billion last year. Online sales account for about 10 percent of total holiday spending, which is expected to grow about 3.9 percent to $602.1 billion for the months of November and December.

Joel Anderson, president and CEO of Walmart.com, said he anticipates Cyber Monday to be the site's busiest day ever. He said 2013 is the "tipping point" for mobile traffic, which includes smartphones and tablets.

More than half of Walmart.com's traffic came from smartphones and tablets on Thanksgiving and Black Friday, Anderson said. And he expected the same to be true on Monday.

"2013 is the year online went mobile," he said.

Arthur Baynes, 30, was checking out email deals on his smartphone. The travel insurance claims adjuster from Richmond, Va., was looking for a new TV and Blu-Ray games for his younger relatives.

"When I'm looking for something, I'll look it up on my phone and then use the Amazon app on my iPad to buy," he said Monday. "It's just easier. I don't have to sit down where my computer is."

Cyber Monday comes after retailers' failed efforts to boost spending during the holiday weekend. They offered big discounts in early November, and several opened stores on Thanksgiving Day. But the retail federation predicts that spending fell for the first time ever, down 2.9 percent to $57.4 billion, during the four days that ended Sunday.

About 81 percent of retailers planned to offer deals specifically for Cyber Monday, according to the NRF's online arm, called Shop.org.

The name Cyber Monday was coined in 2005 by Shop.org to push people to shop online. After retailers revved up deals for the day, it became the busiest online shopping day in 2010. But since then, more people shop online with faster Internet access, and retailers have expanded deals, stretching them into Cyber Week or even Cyber Month. This year, retailers such as Amazon and Wal-Mart rolled out online deals beginning in November.

Belus Capital management analyst Brian Sozzi said that's the new normal, however.

"The consumer has become immune to Cyber Monday and Cyber Week, they just want the discounts continually once the calendar hits November," he said.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


  • Local NewsLocal NewsMore>>

  • Superstorm Sandy

    Grimm criticizes storm recovery program

    Grimm criticizes storm recovery program

    Wednesday, August 27 2014 11:12 PM EDT2014-08-28 03:12:14 GMT
    When Superstorm Sandy destroyed Maureen Childs' Staten Island home, she turned to New York City's Build it Back program for help. She says what she got back was heartache. At a news conference Wednesday, Rep. Michael Grimm, who represents Staten Island and part of Brooklyn, highlighted what he called failures in a program designed to help victims of Sandy get back on their feet.
    When Superstorm Sandy destroyed Maureen Childs' Staten Island home, she turned to New York City's Build it Back program for help. She says what she got back was heartache. At a news conference Wednesday, Rep. Michael Grimm, who represents Staten Island and part of Brooklyn, highlighted what he called failures in a program designed to help victims of Sandy get back on their feet.
  • Pranna to end 'boozy brunch' after viral video

    Pranna to end 'boozy brunch' after viral video

    Wednesday, August 27 2014 11:10 PM EDT2014-08-28 03:10:44 GMT
    Video posted on YouTube showing young women and men who appear to be stumbling and drunk coming out of the restaurant Pranna in the flatiron district is why angry residents packed into a community meeting to complain Wednesday night. Neighbors say problems have been happening on Saturdays and Sundays during a so-called bottomless brunch, where patrons can drink as many drinks as they want in a two-hour period.
    Video posted on YouTube showing young women and men who appear to be stumbling and drunk coming out of the restaurant Pranna in the flatiron district is why angry residents packed into a community meeting to complain Wednesday night. Neighbors say problems have been happening on Saturdays and Sundays during a so-called bottomless brunch, where patrons can drink as many drinks as they want in a two-hour period.
  • NYC's secret access for celebrities

    NYC's secret access for celebrities

    Wednesday, August 27 2014 11:07 PM EDT2014-08-28 03:07:59 GMT
    A little bit of money, power and fame can unlock a whole world of hidden passageways and detours allowing stars to come and go discreetly. Seth Weisser has perfected private shopping inside his Soho vintage boutique What Goes Around Comes Around. Celebs slip in through the side door and descend into the vault. But the upper floor isn't too shabby either, featuring hundreds of rare Chanel and Hermes handbags.
    A little bit of money, power and fame can unlock a whole world of hidden passageways and detours allowing stars to come and go discreetly. Seth Weisser has perfected private shopping inside his Soho vintage boutique What Goes Around Comes Around. Celebs slip in through the side door and descend into the vault. But the upper floor isn't too shabby either, featuring hundreds of rare Chanel and Hermes handbags.
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices