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News Summary: Cyber Monday sales jump

Associated Press Published: November 26, 2012

THE NEWS: Americans clicked away for deals on Cyber Monday, which is expected to be the biggest online shopping day in history.

THE CONTEXT: It's estimated that this year's Cyber Monday will be the biggest online shopping day of the year for the third year in a row: Research firm comScore predicts Americans will spend $1.5 billion, up 20 percent from last year.

SALES DATA: Early results show that online shopping was up 25.6 percent compared with the same time period a year ago, according to figures by IBM Benchmark released at 3 p.m. E.T.


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