Slashdot Mirror

← Back to Stories (view on slashdot.org)

This Cyber Monday Was the Biggest Online Shopping Day, Ever (zdnet.com)

Posted by msmash on from the shopathon dept.

Cyber Monday is likely to have been the biggest online shopping day in history, according to an analysis of visits to US retail websites. Online spending in the US yesterday hit a new record with $3.39bn spent online, a 10.2 percent increase year-over-year -- ahead even of Black Friday, when $3.34bn was spent. ZDNet adds:Cyber Monday is expected to generate slightly less mobile revenue than Black Friday at $1.19bn, but that's still a 48 percent increase on last year, according to the analysis by Adobe. Consumers have spent a total of $39.9bn online so far this month, it said, up 7.4 percent on last November, with 27 out of 28 days seeing online sales of over $1bn. The five best-selling toys in terms of quantity sold on Cyber Monday were Lego, Shopkins, Nerf, Barbie, and Little Live Pets. The five best-selling electronic products were Sony PlayStation 4, Microsoft Xbox, Samsung 4K TVs, Apple iPads, and Amazon Fire tablets, the company said.

9 of 56 comments (clear)

  1. Singles Day! by Anonymous Coward · · Score: 5, Informative

    Once again, the US forgets that the rest of the world exists.

    Only 2 weeks ago, one vendor (Alibaba), on one day (11.11.2016) did $17.73 BILLION in sales, over 3 times what these numbers are claiming was a record.

    1. Re:Singles Day! by DNS-and-BIND · · Score: 2

      Well, we're withdrawing from the rest of the world, like you asked us to. We're going to take all our troops home, from Europe, from Korea, from Japan, everywhere. You hate our guts. It's been shouted loud and clear for a long time and don't think we didn't get the message, because we did. Slashdot is a US-centric site and it will remain so.

      Here's an idea: why don't you make your own tech site and it can be worldly? You can have global citizens posting and ban everything but metric units and so on. It'll be bliss. Off with you now, get to work and stop bothering the Americans.

      --
      Shutting down free speech with violence isn't fighting fascism. It IS fascism!
  2. Re:Cyber Monday got the popular vote by Anonymous Coward · · Score: 2, Interesting

    $3.39b is the record...? Hardly.

    In November 2016, the e-commerce giant Alibaba has set its Singles Day record and generated 120.7 billion CNY (17.79 billion USD) in gross merchandise.

    https://en.wikipedia.org/wiki/...

  3. Balms for the losers by mi · · Score: 2

    Trump is gonna take care of you now. He will take care of you REAL GOOD.

    Dude, if you are that sore still, you should've taken advantage of some yuuuge discounts on vaseline yesterday...

    --
    In Soviet Washington the swamp drains you.
  4. Where's the spam filter by c · · Score: 3, Interesting

    How many of these silly articles are going to be based on Adobe press releases?

    And when/how did Adobe manage to convince anyhow that they're some sort of authority on web-based shopping metrics, anyhow? Are they running Amazon's backend or something?

    --
    Log in or piss off.
  5. NOT (by far) the biggest by Anonymous Coward · · Score: 4, Informative

    Cyber Monday is likely to have been the biggest online shopping day in history... when $3.34bn was spent

    No.... Alibaba ALONE did many times that much business ($14.3bn US) vs on Singles Day this year:
    Alibaba.

    "Cyber Monday" is slightly more than a rounding error.

  6. New Economics [Re:It's gonna be yuuuuuuuuge!] by Tablizer · · Score: 3

    Was that intended as sarcasm?

    Automation and virtual stores are a far bigger threat to blue-collar jobs than China and Mexico. President Elect Trump is solving the wrong problem. Big factories ain't coming back, at least not with people inside.

    But if the economy is stimulated enough by other means, then jobs may open up in other areas, like cooks, custom landscaping, customizing cars, etc. The demand for hands-on customization exists: having something custom is a status symbol, but people will only pay for it if they feel they have enough money.

    I think Helicopter Money (HM) should be tried to juice the economy. Automation has increased the economy's capacity, but the money supply hasn't grown to match that increase, creating sub-par inflation.

    Some economist worry that HM may trigger run-away inflation. I don't propose over-doing it, just enough to get a normal inflation rate. If everyone is afraid to try new things in the new economy, we'll be stuck in a rut. Low interest rates alone aren't working. The old economic toolkit needs new tools for the new era, and we may have to gamble a bit to test these tools. I'm sure having the Fed Reserve manage interest rates made many economists nervous at first. They got over it. HM is just another knob* for them.

    I don't personally like Trump, but boldly going where nobody has economically gone before is just up his ally.

    Engage, Captain Orange!

    * Some believe the market should "self regulate" both of these, but I have not seen a sensible plan for such. For example, one that cannot be manipulated by big banks using OPEC-like collusion. Some argue they do that now with interest rates, but making it even easier to collude is an anti-fix. Adjust, don't kill the Fed Reserve.

    --
    Table-ized A.I.
  7. Re:iPad & Fire Tablet by Oswald+McWeany · · Score: 3, Funny

    They were, but they were recharged with a USB cable.

    --
    "That's the way to do it" - Punch
  8. Re:Reasons by Oswald+McWeany · · Score: 2

    Indeed it does. Kanye West is planning to run for President in 2020.

    --
    "That's the way to do it" - Punch