Cyber Monday Week Sales Gains Were ‘More Virtual Than Reality,’ NPD Reports
Forecasts for big sales gains on Cyber Monday and the week that followed were "more virtual than reality,” NPD reported. There was a “slight uptick” in overall U.S. holiday spending compared with the Thanksgiving week declines, the researcher said Thursday.…
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Cumulative retail sales for the first five weeks of the holiday selling season were up 2 percent from a year earlier “across the key general merchandise categories” and consumer tech occupied three of the top five “performing categories” for Cyber Monday week, the firm said.