Cyber Monday Sales Soar
The Cyber Monday online shopping holiday saw a nearly 20 percent gain in sales from last year, making it the biggest shopping day of the year so far.
That's according to an estimate released Tuesday by IBM's Coremetrics unit. The firm, which did not release exact sales figures, reported a 19.4 percent increase over 2009's Cyber Monday, with the average order value of $194.89 representing an 8.3 rise over last year's figure. Online sales on Cyber Monday also jumped 31.1 percent over e-commerce sales on Black Friday last week.
Shop.org, the National Retail Federation arm that launched Cyber Monday in 2005, had not released official sales figures as of Tuesday morning.