Business

Thursday 18 January 2018

Cyber Monday sales surged in US

A packed Amazon warehouse - online shoppin ghas hit a single-day record.
A packed Amazon warehouse - online shoppin ghas hit a single-day record.
Colm Kelpie

Colm Kelpie

Cyber Monday sales surged in the US, sending online shopping toward a single-day record as Amazon and EBay siphoned consumers from shopping streets.

Online sales rose 19pc from 2012 as of last night in New York.

Retailers catering to smartphone and tablet users benefited the most, with mobile traffic accounting for 30pc of the total site visits, an increase of more than 58pc from last year.

The results deliver another blow to physical stores, which just suffered the first spending decline on a Black Friday weekend since 2009.

Web sales over Christmas are projected to climb as much as 15pc to $82bn (€60bn).

Mobile devices drove 16pc of online purchases, according to US multinational technology and consulting corporation International Business Machines Corporation.

“The results thus far from an e-commerce perspective have been very strong -- certainly strong relative to brick-and- mortar stores,” Ron Josey, an analyst at JMP Securities in New York, said.

“This is the first holiday season where mobile is absolutely having its mark on overall retail sales, whether that’s from a smartphone or a tablet. It’s not going away.”

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