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.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The 10 best networking tips for people who hate networking
- 11 scientific studies that will restore your faith in humanity
- What would a U.S.-Russia war look like?
- Why the West should let Russia have eastern Ukraine
- 7 grammar rules you really should pay attention to
- Scottish independence is another financial crisis waiting to happen
- Why you should stop believing in evolution
- Why baseball is America's most dangerous spectator sport
- The elusive 'It factor' in presidential politics
- Your literary playlist: A guide to the music of Haruki Murakami
Subscribe to the Week