Cyber Monday Hits Biggest Sales Ever!

Online shopping day “Cyber Monday” is a day which is highly anticipated by shoppers. After Black Friday which sees in-store retailers discounting their goods, Cyber Monday/Week is a time when you can pick up some pretty fantastic goods at ridiculous prices.

ComScore has been looking at spending results from this year’s Cyber Monday in relation to last year. It seems that online shopping in 2010 has beaten last year’s figures with a whooping $1.028 billion spent, a 16% rise from 2009. Statistical information also suggests that this one day alone has achieved a first time “single-day” online spending of $1 billion. According to Jennifer Van Grove at Mashable who looked into this, a rise of 4% (9 million) of online shoppers, were seen spending in general 10% more per sale ($60.05), giving a 6% rise in total sales (17.1 million).

I think one thing we tend to forget on this busy shopping day is the possible detrimental effect it can have on companies and their staff. The majority of people want to join in with the sales and see their money stretch a little further, therefore computers at work are buzzing and productivity is reduced.

Gian Fulgoni, comScore’s Chairman said, “The online holiday shopping season has clearly gotten off to a very strong start, which is welcome news. At the same time, it’s important to note that some of the early strength in consumer spending is almost certainly the result of retailers’ heavier-than-normal promotional and discounting activity at this early point in the season.”

Did you take part in Cyber Monday? If so, what did you manage to get from the sales and did you save yourself an absolute fortune? Let us know with your comments below. Head on over to Mashable for more information.