Cyber Monday 2013 Heaviest Online Spending Day in History

Retailers saw sales decrease the week ending December 7 of 1.6% versus Thanksgiving week. However, Cyber Monday sales of online shopping reached $1.7 billion, an increase of 18% over 2012. This is recorded as the “heaviest online spending day” by comScore. Cyber Monday was the second day this holiday season to exceed $1 billion – Black Friday reached $1.2 billion in sales.

For the week of December 1-7, sales were weak across the board in retail, with a notable exception of department stores such as Dillard’s, Macy’s and Kohl’s.

Consumers surveyed reported a lower number of buyers completing their holiday shopping, implying that the pace of shopping before the Christmas holiday will ramp up.

Cyber Monday sales this year fall into the December reporting period while it was in November in 2012. This should lift December sales results.