Cyber Monday sales broke a record in 2013, with shopping on mobile devices leading the charge.Cyber Monday sales jumped 20.6% year-to-year, making it...
So far, the holiday shopping season is off to a weak start, with sales for Thanksgiving and Black Friday up only 2.3% over last year’s numbers. Given that store foot traffic was actually down on Black Friday compared to a year ago overall, should retailers now pin their hopes on a surge in attraction to the online shopping bargains of Cyber Monday? Possibly, and they should keep their eyes on African American consumers, who are project to have buying power of $1.1 trillion by 2015. A recent report by Nielsen shows a leap in interest in Cyber Monday by African Americans, particularly on coupon and reward sites. “I think what is interesting is the new picture we’re getting of the black consumer, said financial journalist Stacey Tisdale, speaking on NewsOne Now with Roland Martin. “On Cyber Monday, the people who plan to spend more online are black folks – almost the highest of any other group.”
