NEW YORK (CBSNewYork/AP) — After a busy holiday weekend in shopping malls, millions of Americans went online and kept shopping for Cyber Monday.
The Monday after Thanksgiving has been the biggest online shopping day of the year since 2010. The day could take on added importance after a Thanksgiving weekend that saw fewer shoppers and lower spending than last year, according to some estimates.
Retailers have been pushing deals all month and particularly the past week, hoping to spur customers to spend. That may have taken away some spending from Thanksgiving weekend.
Research firm comScore expects people to spend about $2.5 billion on Cyber Monday.
“They do have items that are blowout items, so that can be up to 80 percent,” said Jon Lal, CEO founder of BeFrugal.com. “So big sales.”
PayPal said its global mobile payment volume jumped 47 percent on Thanksgiving Day compared with last year.
Walmart said it had more than 500 million page views on Thanksgiving and eBay says it sold 2,000 iPad Air 2 tablets for $399 at a rate of one a second.