Connect with us

Hi, what are you looking for?

Jewish Business News

Money

Wal-Mart Aside, CyberMonday Slowest in Five Years

stocks down for turbo sm

Although Wal-Mart got lucky online Monday, ecommerce saw its slowest CyberMonday in five years. This is the first time since 2009 that CyberMonday sales were not in the double digits, although they did increase a modest 8.5%, according to Marketwatch. The size of the average purchase was 3.5% less, and mobile devices drove 41% of the sales. Still, sales from Thanksgiving to Monday rose 12.5% as a whole, and it was still the biggest shopping period in the year so far.

Wal-Mart was one of the lucky ones. Management said it was the biggest day ever for online purchases, which rose 70% over CyberMonday a year ago.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Then again, this is no reason to panic about the health of ecommerce; since people are shopping online anyway, and have fast and convenient delivery, why is there an unwritten law that they have to do it on CyberMonday. So maybe they’ll wait.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News