In Dec 3rd press release, comScore report that there are $12.03 billion has been spent online towards the retail e-commerce spending for the holiday season-to-date of the November – December 2008, even it is 2 percent decline versus the corresponding days last year. However, Till the Dec 1st (Cyber Monday) saw $846 million in online spending, which is 15 percent up and ranking it as the second heaviest online spending day on record. Take a look at this following screen shot, you can see in the weekend (Nov 29-30), there is a jump in online sales by 19% over last year.
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Due to the job loss, even with Cyber Monday and Black Friday sales up marginally, analysts are predicting there will a decline in the months to come towards online shopping. It said in November – there are more than 500,000 jobs in U.S. were lost, which is the biggest decline since 1974!
