Feds Celebrate Cyber Monday By Showing How Big Online Retailers Have Become

Is brick-and-mortar retail making a comeback

Is brick-and-mortar retail making a comeback

"Cyber Monday is also on track to become the biggest United States online shopping day ever, driven by mobile purchasing and the ease of payment services like Apple Pay", Business Insider reports. Sears Holdings Corp. saw same-store sales fall 17 percent at its flagship chain last quarter and 13 percent at its Kmart brand.

It is no secret how important the holiday season is to retailers.

Black Friday always creates a buzz in the retail sector, but this year, the event is attracting, even more, attention from Wall Street who are looking to gauge the events impact on physical store sales. Moore said he's done some online shopping, but the allure of in-store-only deals drew him out from behind the computer.

E-commerce giant Amazon gained 0.8 percent as data from Adobe Analytics showed online Black Friday sales rose almost 17 percent from a year ago.

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Black Friday is all about big-box retailers and their attempts to lure shoppers into their stores by offering wonderful sales on some items in the hope that shoppers will end up spending more while they are there. The NRF, whose overall production sales data is strictly observed every year, is scheduled to release Black Friday, Thanksgiving and Cyber Monday sales numbers on Tuesday. That's a almost 18 percent increase from a year ago, according to Adobe Analytics. The U.S. Census Bureau highlighted data Monday which showed only 9.4 percent of sales were attributed to online shopping during the fourth quarter of previous year, which covers the holiday shopping season. It expected Black Friday to remain the busiest day, with about 115 million people planning to shop then. She says she started holiday shopping on Black Friday, but she likes to go to the mall to shop.

Online's shopping growth is already an established trend, but IMRG says it works particularly well for sales. "Now I can buy things in Wal-Mart-they are cheaper and last longer". Macy's CEO Jeff Gennette told CNBC Friday morning that traffic at the department store chain's flagship Herald Square location already looked to be stronger than a year ago.

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"I don't find anything good anymore at Sears", said Charles, a nurse with four children.

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