Graybeard
Well-Known Member
Black Friday sees record online as US shoppers stay home
Good news for digital bad news for mainstreet retail
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The result? Overall holiday sales are projected to rise a slight 0.9% in November and December — and even that modest gain will be due to an explosion in online shopping, according to the research firm eMarketer. It expects online sales to jump nearly 36%, while sales at physical stores fall 4.7%.
The online rush was on fully display Monday, known as Cyber Monday, a day of sales promoted by retailers back in 2005. Once the final numbers are tallied up, this year’s Cyber Monday is projected to become the biggest online shopping day in American history.