The holiday shopping numbers are in and its official, the Holiday shopping season now belongs to the Internet.
Overall holiday sales numbers are down with retail brick and mortar stores licking their wounds, but online retailers are surging according to a report that just aired on Fox News.
Amazon.com is reporting sales are up 44% from last year.
eBay is reporting 32% increase in sales
An IBM report says that overall, online sales up 18% from 2012 with total spending on Cyber Monday alone at $2.29 Billion which is the first time that Cyber Monday sales have topped $2 Billion.
Moreover IBM with ChannelAdvisor, says that 29% of all Online sales on Cyber Monday were made through through mobile devices.
In all 40% of the US population shopped online.
“This looks like the remaking of the retail sector in many ways”
“Its a gigantic shift, some might say a revolution, not only in where we shop but in how we shop” said Stuart Varney of Fox Business.
This holiday weekend has turned into a triumph for the Internet on holiday sales and I think the traditional brick and mortar stores; the mall anchors are in real trouble”
“Because if you shop online your not fighting the crowds, not fighting the traffic, not fighting each other.”
More and more shopping is being done on mobile devices smart phones, and more and more tablets and smart phones are being sold so you can assume more and more shopping will be done in the future on these devices. Its another revolution
“At Target stores yesterday 18% of their total sales were made on iPads.”
“If you think about it, the bricks and mortar have a huge overhead that have a two stop drop, things have to be trucked to them dropped off and then delivered after that so it makes you think about the whole business model of retail stores and malls”.
“I think your going to see some of the big names go out of business because I don’t see how they can compete with online, and I think starting almost immediately you will see tremendous discounting at the traditional brick and mortars as they try to keep up with the online stores”
It looks like Mr Schilling should have applied for .cybermonday rather than .blackfriday.