For the first time, online spending topped $1 billion on Friday, but today's Cyber Monday sales are expected to generate $1.5 billion and possibly more, according to a report.
Online retail spending on Black Friday was up 26% from last year, with 57.3 million Americans visiting an online retail site, according to comScore, an analysis firm. That number was up 18% from 2011, and not surprisingly, the shopping site with the most visitors was Amazon.com.
Overall, holiday shopping online is faring better than it did a year ago....
This year, eCoupons.com predicts that Cyber Black Friday sales will grow to almost $1 billion.Last year, shoppers spent $816 million online. This year more than one thousand retailers are starting their online sales ahead of Cyber Monday, and this could lead to 20% more sales.