While Black Friday sales may have been disappointing to some, early Cyber Monday results appear to be better than expected

Jay Soloff

While Black Friday sales may have been disappointing to some, early Cyber Monday results appear to be better than expected. Online sales rose over 20% from last year, with the expected sales total to breach $2 billion. Interestingly, over 17% of consumers did their shopping over mobile phones this year. That's a huge 55% increase over last year, and could be a sign of things to come. Online shopping in general is slowly but surely cutting into traditional brick and mortar sales, especially with company's like Amazon (AMZN) spending heavily on speeding up distribution and delivery. Moreover, an increasing number of shoppers will turn to mobile devices as the process becomes easier and more efficient. Nevertheless, 90% of all retail transactions in the US continue to occur in physical stores. In other words, there's still plenty of room for growth in online shopping. (VIEW LINK)


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