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Post by jeffolie on Nov 30, 2011 9:40:17 GMT -6
Study: Cyber Monday was biggest online shopping day ever in U.S. " ... up 22% from the previous record, which was last year's Cyber Monday. Online shopping for the month of November has hit $15 billion, a 15% increase compared to last year, comScore says. Tricks of the retail trade App merges TV viewing, shopping Discounting efforts by some online retailers, including Amazon.com and Apple, in the hopes of bringing some of the mall's Black Friday magic to the Web appear to have paid off. With a 26% jump over last year, the day after Thanksgiving saw the highest increase in spending compared to 2010 than any other period in November, according to comScore. However, online spending on Cyber Monday still outpaced Black Friday by a healthy margin, the research says. "... "There's a pent-up demand from consumers," Molyneux told a roomful of reporters in San Francisco on Tuesday. "There's a demand, and consumers need to feel that they can spend again." www.cnn.com/2011/11/29/tech/web/cyber-monday-data/index.html?section=money_topstories
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Post by unlawflcombatnt on Nov 30, 2011 23:36:32 GMT -6
Online shopping for the month of November has hit $15 billion, a 15% increase compared to last year, comScore says.... Discounting efforts by some online retailers, including Amazon.com and Apple, in the hopes of bringing some of the mall's Black Friday magic to the Web appear to have paid off. With a 26% jump over last year, the day after Thanksgiving saw the highest increase in spending compared to 2010 than any other period in November, according to comScore. Gee, there's a real message there. And it's got nothing to do with the oxymoronic "pent-up" demand fable. It has to do with demand increasing as prices were reduced. Who would've thunk it? Do you think there's a message there for retailers & sellers? Like maybe your goods are priced too high? (As in above the optimal price point on the demand curve?)
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