Recession? Cyber Monday Sales Up +15% vs. 2007 -- MrSwing

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Recession? Cyber Monday Sales Up +15% vs. 2007
Dec 03, 2008

Dr. Mark J. Perry

CARPE DIEM
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Report 1: Despite the economic turmoil, it looks like more people than ever spent the first workday of the holiday season doing something other than work on their computers. Online shoppers spent $846 million in the U.S. on 'Cyber Monday,' according to new comScore Networks data. That was a 15% increase over the same day last year (see chart above).

Report 2: Earlier this week, comScore said that rate of growth for Cyber Monday sales have traditionally indicated the overall rate of growth for holiday spending in general. If that remains the case this year, that's good news.

HT: Ben Cunningham of Taxing Tennessee Blog