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'Cyber Monday' Breaks Records

Online shopping's biggest day rose 21%, to $733M; purchases made mostly from work

By Lucas Laursen,  Newser Staff

Posted Nov 28, 2007 6:29 AM CST

(Newser) – Online sales on Cyber Monday, the Monday after Thanksgiving, soared 21% over the previous year to a record-breaking $733 million, Marketwatch reports. Some 60% of the purchases were made from work, say comScore analysts; the average dollars spent per buyer decreased 12% from the same day a year earlier.

Cyber Monday is reputed to be biggest day of the year for online sales, when consumers order whatever they couldn’t find in brick-and-mortar stores over the Thanksgiving weekend, but comScore expects single-day sales to break the $800-million mark in the coming weeks. Amazon and Wal-Mart led the pack Monday, while Yahoo’s shopping service was the sixth-biggest seller, despite a technical failure that blocked some sales.

Online goes 3-D. Brookstone's new 3-D virtual store, powered by Kinset technology, makes shopping online more realistic and interactive than ever.  (PRNewsFoto/Brookstone, Inc.)
Online goes 3-D. Brookstone's new 3-D virtual store, powered by Kinset technology, makes shopping online more realistic and interactive than ever. (PRNewsFoto/Brookstone, Inc.)   (Associated Press)
Warehouse of an online retailer.
Warehouse of an online retailer.   (KRT Photos)
Online Shoppers Continue Holiday Spending On Cyber Monday.
Online Shoppers Continue Holiday Spending On "Cyber Monday."   (Getty Images)
Cyber Monday Closes Long Weekend Of Holiday Shopping.
"Cyber Monday" Closes Long Weekend Of Holiday Shopping.   (Getty Images)
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