Computer at work is being used to shop

ComScore Networks Inc. reported Wednesday that online sales rose 26 percent to $608 million on Monday from the same day a year ago. "Cyber Monday" marks the first major spike in spending during the holiday season as people return to work and click onto their computers. ComScore had expected a 24 percent increase in sales.

The strong sales performance was the result of heavy marketing and discounting by retailers who are trying to outdo each other. Walmart.com began on Monday a five-day special on such online-only items as certain flat-screen TVs and cashmere scarves. Barnesandnoble.com is wooing shoppers with a free tote bag if they spend $75 or more. Circuitcity.com offered special coupons.

To fuel the hype surrounding Cyber Monday, the National Retail Federation launched a new site last week called CyberMonday.com, which pulled together online discounts for both Cyber Monday and through the holiday season from nearly 400 retailers. ComScore said that site attracted 300,000 U.S. visitors on Monday. -->

ComScore, which excludes auctions, travel and large corporate purchases in its results, forecast 24 percent growth in online spending to $24.3 billion for the November and December period from a year ago.

---

Contributing: Associated Press

E-mail: bwallace@desnews.com

• Page:
• < Previous
• 1
• 2
• 3