ComScore will publish the 2009 Cyber Monday sales figures tomorrow, but preliminary reports suggest that it may be a record year, with estimates of over $900 Million for the day. Amazon and Walmart appear to be on top of the online shopping cart.
“…Shares of Amazon soared to an all-time high on Monday on optimism over the company’s holiday performance and a statement
by Amazon reporting record November sales for its Kindle electronic book reader.The Web retail leader has been challenged by Wal-Mart Stores Inc’s WMT.N) smaller online unit on offering the lowest prices on selected books, toys, electronics and other goods this holiday season.
“From a growth perspective, Walmart could potentially be the winner, but from a dollars perspective we still think Amazon will trump it,” said Jefferies analyst Youssef Squali, who estimates that Amazon will report about 30 percent sales growth in its holiday fourth quarter.
Walmart does not break out sales for Walmart.com, but Squali estimates it to be a $2 billion to $3 billion business.
While Web sales represent a fraction of overall U.S. holiday sales, they are gaining strength as consumers intent on
bargains rely more on sites to track and compare deals…” read Cyber Monday Sales May Hit Record, Amazon Ahead
While overall holiday sales (off and online) are just marginally ahead of last year, this is promising news for retailers and great news for online retailers.
Can’t wait to see the figures tomorrow. I’ll post them when they’re out.







