Contact Us
Make My Homepage

Cyber Monday Sales Could Reach $1.5 Billion

eBay HAPPY Holiday Hotspots
Bennett Raglin, Getty Images

Holiday shoppers go from pounding the asphalt to pounding the key boards. Friday was the day to hit the stores for good deals. Now on Monday retailers are giving the consumer every reason they can to go to their websites.

On the heels of data showing a record number of shoppers hit the stores over the holiday weekend, one digital analysis group says spending on the most important shopping day of the year for online retailers, known as Cyber Monday, could surpass $1.5 billion.

According to data released Sunday, Cyber Monday spending is expected to exceed the $1.25 billion reached in 2011 for a gain of 20%. Spending on Cyber Monday, a marketing term coined back in 2005, has more than doubled in the past five years.

Online sales were happening in a big way even before Monday. Online sales for Black Friday surpassed $1 billion for the first time and on Thanksgiving Day online sales grew 32% from a year earlier, to $633 million.

The average holiday shopper spent $423 over the entire weekend, up from $398. Total spending over the four-day weekend totaled $59.1 billion, up nearly 13% from 2011. Since 70% of the economy is consumer spending, this could be just the shot in the arm the country needs.

Best of KXRB

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KXRB Classic Country VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KXRB Classic Country VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.