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ComScore: Cyber Monday sales up 5 percent

from Los Angeles Times

Ka-ching! ComScore reported that online retailers racked up $887 million in sales on Cyber Monday, up 5 percent from last year. The amount is the highest single-day online spending on record after Dec. 9, 2008, when consumers splurged the exact same amount, comScore said. Cyber Monday's sales uptick came after a 10 percent jump on Thanksgiving day, followed by an 11 percent increase on Black Friday last week. The growth was "atypically strong" said comScore Chairman Gian Fulgoni. The report mirrors similarly upbeat accounts from Coremetrics and PayPal. more

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