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Americans expected to spend $1.5B on Cyber Monday
 
Boutiques.com plays up prominent fashionistas, like Carey Mulligan, for style and shopping inspiration.
Boutiques.com plays up prominent fashionistas, like Carey Mulligan, for style and shopping inspiration.
Boutiques.com

Retail analysts expect Americans to spend $1.5 billion online on Cyber Monday, the biggest internet shopping day of the year. A record number of shoppers hit stores over the long Thanksgiving weekend, which kicks off the holiday shopping season. Still, sales at stores were down by 1.8 percent. Sales online, however, shot up by 28 percent on Black Friday, exceeding $1 billion for the first time. The projections for Cyber Monday amount to a 20 percent jump over the Monday after Thanksgiving last year. "Online has been around 9 percent of total holiday sales, but it could breach 10 percent for the first time this season," said Scot Wingo, chief executive of ChannelAdvisor, which helps merchants sell more on Amazon, eBay, and other websites.

 

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