Posted By: Pete Hill
The last week of November is an especially important one for the U.S. economy. Following the Thanksgiving holiday on Thursday is Black Friday, traditionally the best sales day of the year for retailers as Americans rush to do their Christmas gift shopping.
Monday brought a bit of holiday cheer for online retailers as shoppers spent less time but more money than last year.
Many predicted that Black Friday would be bigger than Cyber Monday, but the results were surprising. U.S. consumers spent ten percent more on Cyber Monday than on Black Friday. Monday's sales were up fourteen percent compared to last year and the number of items per order also climbed thirty percent.
Online shopping can be much more beneficial to a consumer by comparing prices, instead of going right into one store. If you can figure out a way to get good at the internet, consumers can have some fun at this. It will be helpful, more than ever before, in this economy to help our dollar go further.
Sources:
http://english.chosun.com/site/data/html_dir/2009/12/03/2009120300475.html
http://www.nytimes.com/2009/11/28/your-money/28money.html?_r=1&ref=your-money
http://www.latimes.com/business/la-fi-cybermonday2-2009dec02,0,7649378.story
Monday brought a bit of holiday cheer for online retailers as shoppers spent less time but more money than last year.
Many predicted that Black Friday would be bigger than Cyber Monday, but the results were surprising. U.S. consumers spent ten percent more on Cyber Monday than on Black Friday. Monday's sales were up fourteen percent compared to last year and the number of items per order also climbed thirty percent.
Online shopping can be much more beneficial to a consumer by comparing prices, instead of going right into one store. If you can figure out a way to get good at the internet, consumers can have some fun at this. It will be helpful, more than ever before, in this economy to help our dollar go further.
Sources:
http://english.chosun.com/site/data/html_dir/2009/12/03/2009120300475.html
http://www.nytimes.com/2009/11/28/your-money/28money.html?_r=1&ref=your-money
http://www.latimes.com/business/la-fi-cybermonday2-2009dec02,0,7649378.story
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