Cyber Monday Sees 16% Jump in Online Sales

Third-party Amazon merchants have a good weekend
By Nick McMaster,  Newser Staff
Posted Nov 30, 2009 5:50 PM CST
Cyber Monday Sees 16% Jump in Online Sales
An team member selects merchandise from one of the product isles at their Fernley, Nev., warehouse on Monday, Dec., 1, 2008.   (AP Photo/Scott Sady)

Online retailers saw a big bump from "Cyber Monday" sales as consumers continued their Thanksgiving weekend shopping from their work computers. Internet retailers reported a 16% bump in sales over Monday a year ago, with sales at about the same level as on Black Friday. Analysts had predicted a 10% to 15% increase—“Online is tracking well and above estimates," a retail analyst told Bloomberg.

An rep said electronics, toys, and kitchen items were selling well. While the firm doesn't disclose daily sales figures, third-party merchants using the site to sell their wares saw a 56% sales boost on Black Friday.
(Read more Cyber Monday stories.)

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