warning Hi, we've moved to USCANNENBERGMEDIA.COM. Visit us there!

Neon Tommy - Annenberg digital news

Online Black Friday Sales Hit $1 Billion

Hannah Madans |
November 25, 2012 | 2:42 p.m. PST

Senior News Editor

Amazon was the most-viewed site. (Creative Commons)
Amazon was the most-viewed site. (Creative Commons)
Online sales for Black Friday jumped 26 percent this year and consumer spending went above $1 billion for the first time, according to Reuters.

In-store shoppers spent $11.2 billion, around 2 percent less than last year, according to the Daily Beast.

Amazon.com was the most-viewed retail website. Wal-Mart Stores Inc. was second.

"Online has been around 9 percent of total holiday sales, but it could breach 10 percent for the first time this season," said Scot Wingo, chief executive of ChannelAdvisor, told Reuters.

It is unclear how online Black Friday sales will affect Cyber Monday, which has been the biggest e-commerce day in the past.

 

Reach Senior News Editor Hannah Madans here.



 

Buzz

Craig Gillespie directed this true story about "the most daring rescue mission in the history of the U.S. Coast Guard.”

Watch USC Annenberg Media's live State of the Union recap and analysis here.

 
ntrandomness