Last year, Web merchants had $386 million in sales on Cyber Monday, compared with $250 million on Black Friday. comScore estimates that fourth-quarter e-commerce sales will be $26.5 billion, up 24% from a year earlier.
The news came as retail shares
The world's largest retailer, Wal-Mart (WMT - Get Report), drove heavy traffic by offering deals such as laptop computers for $398. The discount giant reported that its November same-store sales were headed for a 4.3% gain. Those results would land at the midpoint of its previous guidance for an increase of 3% to 5%.
Still, given the growing popularity of Cyber Monday, perhaps people won't be so quick to cast aspersions on the first day of the workweek.