WBEZ | cyber monday http://www.wbez.org/tags/cyber-monday Latest from WBEZ Chicago Public Radio en Cyber Monday sales hit Chicago-area small business http://www.wbez.org/news/cyber-monday-sales-hit-chicago-area-small-business-104054 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/computers.jpg" alt="" /><p><p>Holiday shoppers turned so-called &quot;Cyber Monday&quot; into one of the biggest spending days ever, according to a new report released Tuesday.</p><p>Research from the IBM Digital Analytics Benchmark show online purchases grew 30.3 percent compared to the same time in 2011.</p><p>&ldquo;Cyber Monday was not only the pinnacle of the Thanksgiving shopping weekend but when the cash register closed it officially became<strong> </strong>the biggest online shopping day ever,&rdquo; said Jay Henderson, Strategy Director with IBM Smarter Commerce, in a statement Tuesday. &ldquo;Retailers that adopted a smarter marketing<strong><span> </span></strong>approach to commerce were able to adjust to the shifting shopping habits of their customers, whether in-store, online or via their mobile device of choice, and fully benefit from this day and the entire holiday weekend.&rdquo;<strong> </strong></p><p>But Cyber Monday was not a success for every business.</p><p>According to Northern Illinois and Chicago Better Business Bureau President Steve Bernas, brick and mortar small businesses in the Chicago-area worried before the holiday season that sales would drop as consumers decided to take advantage of Internet deals on Monday.&nbsp;</p><p>&quot;On the cyber world, you&#39;re competing on a global marketplace,&quot; Bernas said. &quot;As opposed to a brick and mortar, it&#39;s usually a neighborhood store or an area in a specific neighborhood [...] It&#39;s hard to compete with a worldwide marketplace.&quot;</p><p>Internet purchases typically tend to rise on weekdays, said Andrew Lipsman, Vice President of Industry Analysis with the research firm comScore. He added that that trend is &ldquo;magnified&rdquo; during the holiday shopping season.</p><p>And for Madison Street Shoes in Forest Park, business fell Monday despite a busy weekend.<br /><br />&quot;Today is extremely quiet. Now Monday is typically our slowest day here, but not this slow. I mean this is highly unusual for us,&quot; said Julie Lane, who works at the store.</p><p>Lane credited the slowdown to, in part, online sales. But she said the store tries to match or beat online prices in order to compete with Internet retailers, along with &quot;the personal touch, the customer service.&quot; &nbsp;</p></p> Tue, 27 Nov 2012 16:23:00 -0600 http://www.wbez.org/news/cyber-monday-sales-hit-chicago-area-small-business-104054 Early Cyber Monday estimates show sales are up http://www.wbez.org/story/early-cyber-monday-estimates-show-sales-are-94406 <img typeof="foaf:Image" src="http://llnw.wbez.org//story/photo/2011-November/2011-11-28/AP101129117277.jpg" alt="" /><p><p>IBM Benchmark is reporting Cyber Monday sales are up Monday afternoon by 20 percent compared to a year ago. Department store online sales have gone up 39 percent compared to last Cyber Monday.</p><p>Andrew Lipsman is the vice president of marketing at the online research firm ComScore.</p><p>"We've seen particular strength on Black Friday obviously in brick and morter locations but in online, we saw it grow from 26 percent to 816 million, that's the heaviest total in history we have seen on Black Friday. But we are also expecting&nbsp; to see a banner cyber Monday of about 1.2 billion in spending," Lipsman said.</p><p>The National Retail Federation reported a record of 226 million shoppers have hit the stores and websites since Thanksgiving. That number is up from 212 million last year.</p></p> Mon, 28 Nov 2011 22:28:00 -0600 http://www.wbez.org/story/early-cyber-monday-estimates-show-sales-are-94406 Big year for electronics on Cyber Monday http://www.wbez.org/story/amazoncom/big-year-electronics-cyber-monday <img typeof="foaf:Image" src="http://llnw.wbez.org//AP081201040847.jpg" alt="" /><p><p>Retail stores are pushing online shopping Monday for what's referred to as Cyber Monday. Some major retail outlets like Wal-Mart and Target have eliminated shipping charges for purchases.</p><p>R.J. Hottovy is an analyst at Morningstar. He said stores are pushing their online sales to prevent items from being left on the shelves after the holiday shopping season is over. &quot;I think retailers are looking to clear inventory as quickly as they can to avoid any aggressive markdowns closer to the holiday season,&quot; Hottovy said.</p><p>Hottovy said he expects more consumers to shop online than in previous years. He said electronics and video games are likely to be the most sought-after products from online consumers.</p></p> Mon, 29 Nov 2010 11:00:00 -0600 http://www.wbez.org/story/amazoncom/big-year-electronics-cyber-monday