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One billion dollars spent

29 November 2012 2,862 views No Comment

One billion dollars spent

One billion dollars spent

The shoppers all across United States of America spent an estimated one billion dollars on Black Friday. The bargain hunters spent 26 percent more than 2011. The net shopping value grossed one billion dollar mark easily.

The Black Friday was a historic day for internet customers and retail giants. The online sales for any Black Friday surpassed one billion dollar barrier. The bargain hunters were thrifty as they spent 1.042 billion dollars. There was a 26 percent rise in the internet shopping as recorded by Com Score. The internet shopping on Thanksgiving Day soared to new heights and 633 million dollars were present in form of receipts. That is an increase in Black Friday sales.

The media frenzy was crazy and the significance of Black Friday was emphasized nonstop. The result of Com Score was similar to those of IBM data. IBM data found out that there was s 20 percent increase in internet shopping.

Gadgets first, clothes second

Clothing and apparel is always behind computer hardware. But, this time it accounted for quarter of all the cash spent on internet. Computer hardware remains the user’s choice. For sale are tablets, smartphones and computers. The tablets and smartphones are on the rise. The digital content is becoming heavy duty work.

An estimated 57.3 million US citizens visited the internet retail websites on Friday. It is an increase of 18 percent.

Some 57.3 million people visited online retail sites Friday, an 18 percent increase over last year. Excluding auction sites such as eBay, the most visited site was Amazon, followed by Wal-Mart and Best Buy. Target and Apple rounded out the top five.

ComScore predicted a record breaking spending spree on Cyber Monday. The American population is known to make a list of shopping items.

Now that the Thanksgiving is over with, all roads end on Cyber Monday. For the past three years, it has been seen that sales gross at least 1.5 billion dollars. It is the heaviest day in shopping history. The rise of smartphones have also surged the market for online shopping as 16.3 percent rise in shopping was seen. In 2011, it was only 9.8 percent.

IBM found by research that 24 percent of internet shopping was conducted by smartphones. That figure was 14 percent in 2011. Apple has revolutionized the mobile shopping experience. The iPad was employed by 88.3 percent of the users. iPhone was also used by shoppers. For internet shopping, 40 percent of people used tablets, while 60 percent used smartphones.

Billion dollar industry

In 2011, the consumers spent 1.25 billion dollars in internet shopping on Cyber Monday. This November, the sales reached a peak spike of 13.7 billion dollars. It was a historic feat which remains unparalleled. The increase was 16 percent from last year. IBM has done its research by keeping track of one million internet consumer transactions from at least 500 US retailers. According to IBM, there was a 35 percent decrease in Black Friday sales due to social networks.

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