According to a new Brand Keys survey, Cyber Monday was a big success for online retailers. Traffic to their web stores rose by nearly 25%, which translated to nearly $1.25 billion in sales.
Brand Keys says these 15 retailers enjoyed the largest gains:
1. Amazon
2. Wal-Mart
3. Apple
4. Target
5. Zappos
6. Best Buy
7. Kohls
8. Sears
9. JCPenney
10. Macy’s
11. Toys R Us
12. Kmart
13. Overstock
14. Bed, Bath, and Beyond
15. GameStop
What does this tell us, not about the state of the economy, but about selling in general? For one, it says that time-based promotions, particularly annual events like Cyber Monday, are big time drivers.
People want a bargain. Now more than ever.
Perhaps, you have other insights you’d care to share with us here?
I think it’s great that on this one day sales rose by 25
percent. This includes all of the sales and promotional prices. I know I want a
bargain this time of year, but I’m not crazy about going to stores at midnight
and fighting lines and ladies with pepper spray. I did not participate in Cyber
Monday this year, but I did see some complaints on Facebook and Twitter about
site’s servers crashing. For future reference, these stores need to make sure
their site can handle all of the shoppers.