Cyber Monday Sales Growth Driven by Increase in Buyers
Cyber Monday’s 5-percent growth in sales versus year ago was driven primarily by an increase in the number of buyers, reflecting consumers' increasing familiarity and comfort with online buying, while average spending per buyer was down slightly, presumably a result of economic constraints. Specifically, the number of online buyers grew 6 percent to 8.7 million, while the average dollars spent per buyer declined 2 percent to $102.19.
Buying at Work Continues to Drive Cyber Monday Sales
On Cyber Monday this year, more than half of dollars spent online at U.S. Web sites originated from work computers (52.7 percent), representing a gain of 2.3 percentage points from last year. Buying from home comprised the majority of the remaining share (41.6 percent) while buying from international locations accounted for 5.8 percent.
“comScore data have shown that Cyber Monday online sales have always been driven by considerable buying activity from work locations,” added Mr. Fulgoni. “That pattern hasn’t changed. After returning from the long Thanksgiving weekend with a lot of holiday shopping still ahead of them, many consumers tend to continue their holiday shopping from work. Whether to take advantage of the extensive Cyber Monday deals offered by retailers or to buy gifts away from the prying eyes of family members, this day has become an annual ritual for America’s online holiday shoppers.”