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Flat-panel TVs and Computers top Black Friday sellers, what will Cyber Monday foretell?

People couldn't grab flat-panel TVs or computers fast enough over the weekend, giving retailers a promising view for this holiday season. But not all stores found success. In fact Wal-Mart Stores, Inc. (NYSE:WMT), even though it discounted aggressively throughout November, reported its weakest monthly sales in more than 10 years, according to today's Wall Street Journal (subscription required).

The Journal also reported that ShopperTrak RCT Corp estimated Black Friday sales increased 6% over last year. ShopperTrak gathers its data from 45,000 electronic counting devices in malls and strip shopping centers.

Shopping started even earlier this year as some stores began Black Friday earlier on Friday morning or even on Thursday. Also good news for retailers is that the average purchase was up nearly 9% over last year. The Journal got that estimate from an analyst for VISA who tracks purchases made on credit cards. But Black Friday is not about buying for Christmas anymore. It's more about finding the best buys for personnel use. Especially popular are big-ticket items offered at deep discounts.

The National Retail Federation said 140 million people went shopping on Friday and spent an average of $360.15 - up nearly 19% from last year's $302.81. About 50% of these shoppers went to discounters. Online retails also saw a big jump on Black Friday. Sales were up 41% from $305 million last year to $434 million this year, according to a Web-tracking firm comScore Networks.

Cyber Monday should be even more promising for online retailers. ComScore predicts a 24% jump from $484 million last year to $599 million today. Are you planning to go out there and start clicking?

Goodbye Black Friday, hello Cyber Monday

Had enough of the malls already? Today is the recently anointed retail landmark known as Cyber Monday. It is the first Monday after Thanksgiving and the day that shoppers, in theory already weary of the extreme shopping experience offered on Black Friday, are ready to shop from the comfort of their office chairs.

The day got its name from trade group Shop.Org just last year and doesn't represent the biggest online shopping day -- just one of the biggest, according to an article in the The New York Times (registration required). The headline predicts, "E-Looking But Little E-Buying," and the article pokes fun at the alleged phenomenon, quoting a retail analyst saying the day is "more hype than reality."

Perhaps this year that record will change as more stores offer special online deals. Barnes & Noble, The Home Depot, Inc. (NYSE:HD), and Petco.com are mentioned in The Times as having special offers today. GottaDeal.com has a special CyberMonday forum listing online offers from Staples, Inc. (NASDAQ:SPLS), Wal-Mart Stores, Inc. (NYSE:WMT) and Best Buy Co., Inc. (NYSE:BBY).

Continue reading Goodbye Black Friday, hello Cyber Monday

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