Hitwise, an internet traffic reporting firm, released initial figures that showed Amazon.com (NASDAQ: AMZN) rise to the top of the most-visited retail website list on Monday. It's interesting to note that Hitwise also stated that this was the third annual Cyber Monday in a row where growth was seen. Amid talk of slower holiday retail sales this year, could it be that customers are moving those purchases from the early morning hours of Black Friday to the comfortable office mouse clicking environment of the following Monday?
Hitwise recorded a 26% increase to the Hitwise 100 Retail Index this year (the top 100 retail websites) compared to November 27, 2006 levels. The largest growth areas this year on Cyber Monday were the electronics and video games categories.
Amazon.com received an estimated 10% of visits among the top 100 retail websites, according to Hitwise. Following closely behind were the websites of brick-and-mortar chains Wal-Mart Stores, Inc. (NYSE: WMT) and Target Corp. (NYSE: TGT), at second and third place, respectively. The fourth and fifth-place winners on Monday were the websites of consumer electronics retailers Best Buy, Inc. (NYSE: BBY) and Circuit City Stores, Inc. (NYSE: CC).
Once again, OPEC has killed the goose that lays the golden egg
Closing Bell: Markets bounce after yesterday's sell-off; BA, F, GE, DOW all up, GS down 
Where have all the consumers gone?
Reader Comments (Page 1 of 1)
11-30-2007 @ 12:03PM
TxdoHawk said...
No surprise here. Online deals were much better than most of the brick & mortar deals, plus you don't have to worry about getting trampled by angry soccer moms.
12-04-2007 @ 3:13AM
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