Online retail sales broke another record on Cyber Monday this week. Americans parted with nearly $8 billion during what’s traditionally considered the biggest day of the year for internet purchases. Black Friday and the weekend that followed were also record-breakers. And this year, more of us than ever made those purchases on our phones. Our tech expert Omar Gallaga says sales revenue for retailers was great, but discounts for consumers were not.
“Now you’ve got Cyber Week, you’ve got the Friday before Thanksgiving … I think, just slugging it out over a longer period of time,” Gallaga says.
What you’ll hear in this segment:
– Why discounts this year weren’t a big as in the past
– What people were buying on Black Friday weekend
– What consumers can expect from online retailers during the holiday season
Written by Shelly Brisbin.