After a tepid start to the holiday season, e-commerce spending took off on Thanksgiving weekend. While the National Retail Federation reported a 3 percent decline in brick-and-mortar sales over the long weekend, e-commerce sales jumped 22 percent from last year's Thanksgiving according to analytics firm comScore.
While Black Friday marked the first day with e-commerce sales above $1 billion this year, Cyber Monday once again saw the heaviest online spending: Americans spent $1.74 billion this Monday, making it the biggest day ever for U.S. online retailers. Online retailers typically lure consumers with heavy discounts on Cyber Monday, making the day particularly interesting for big-ticket items such as consumer electronics.
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