Cyber Monday Online Spending Surpasses Black Friday

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The numbers are in from the first of the week regarding Holiday Shopping – Black Friday to Cyber Monday.

To say the least – they’re staggering. According to an IBM Press Release, and data from Coremetrics, online sales in the United States were up 19.4% from 2009 last Monday. Web sales were also estimated to be 31.1% higher than on Black Friday, three days earlier – making Cyber Monday the biggest shopping day of the year thus far.

John Squire, of Coremetrics stated that Internet shopping on Monday was highlighted by major retailers offering free shipping and other aggressive discounts to lure consumers.

“Consumers this year appear much more willing to open their wallets and are turning to online stores for the convenience of shopping wherever and whenever they like,” he said. “Retailers have done an exceptional job across the board of appealing to consumers with highly personalized promotions and a slew of free shipping promotions”.

The average order value (AOV) online was also up from $180.03 to $194.89 for an increase of 8.3 percent. (The largest jump by the way was last year, 2009  – with the average order jumping from $130 in 2008 to $180 in 2009.) Consumers flocked online last Monday, with shopping momentum not only being maintained but with a stronger momentum throughout the entire day compared to Cyber Monday just one year earlier.

During the Holiday’s in 2009, online spending jumped from just 6% to 12% and did not decrease afterward. If this trend continues into 2011 like it did in 2010, look for online sales to maintain between 15% and 20% maintaining until next years Holiday Season.

As MyShoppingGenie leads the way by assisting consumers in finding the best bargains online with their free application, and an overall increase in online sales, the future looks very bright for MyNet Universe and MyShoppingGenie Distributors.

If you’re not in the game at this point, it’s time to make your move.

*** Want to find the best bargains on the Internet? It’s not only easy to do with MyShoppingGenie, it’s absolutely free to install and use! We’ve created a free report of tips and tricks that uncover the best bargains on the Internet. All you need is a name and e-mail address to find out more! *** GenieGems is an Independent Representative of MyNet Universe and MyShoppingGenie.
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