Cyber Monday Purchases Surge to New Record
Cyber Monday Purchases Surge to New Record (Bloomberg)
Unlike its cousin, Black Friday, Cyber Monday enjoyed record sales yesterday, posting sales 19 percent higher than in 2012, according to IBM. Remarkably, smartphone and tablet sales were responsible for 30 percent of all site visits — a 58 percent increase from the previous year. The National Retail Federation expects that web sales will climb 15 percent overall to $82 billion. That’s more than three times faster than total retail growth is expected to expand during the holiday period. So, what’s your investment plan to capitalize off of the online rush: play smartphone/tablet companies, or the sites like Amazon or eBay?