Online Sales Jump on Black Friday, Cyber Monday
Combined online sales of products in the U.S. surpassed $5 billion on Black Friday and Cyber Monday, as sales rose on both days, according to figures released Tuesday by the research firm Retail Decisions (ReD).
The research put combined sales at $5.3 billion, with $3.1 billion in online sales on Friday and $2.2 billion on Monday. The figures represented increases of 52 percent and 35 percent, respectively, over last year's figures.
ReD specializes in card fraud prevention, payment processing and card issuing.