Find the latest episode of "The Uncertain Hour" here. Listen

Cyber sales blowing up

John Moe Dec 5, 2011

This just in: people like shopping online! (copyrighted story, must credit MTR). Americans spent 6 billion dollars in online shopping last Monday through Friday, presumably lured in by a bunch of online sales (Cyber Monday and all) and just finding it convenient. That dollar amount is a new record. According to ComScore, we spent $18.7 billion in November and the first two days of December, which is an increase of 15% over last year. Now naturally, online sales are increasing steadily all the time, part of the ongoing effort to wipe out all physical retail stores (an effort spearheaded by the National Federation of Frustrated Guys Who Are Made To Shop). But a 15% jump is kind of huge. What’s causing it? Is the economy so much better? Is the Kindle that popular that it’s leading to a bunch of other sales?

Here is where I’d offer analysis but I have none. Witches?


Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.