Americans racked up their biggest online spending day in history on Cyber Monday, forking over $1.735 billion to Internet retailers, an 18 percent jump over a year ago.
And it wasn't just on Monday. According to ComScore, Americans spent $23.9 billion online during the first 32 days of the November-December holiday season, up 8 percent over last year.
Those big gains may have come at the expense of merchants who were hoping to cash in during Black Friday and the weekend following Thanksgiving. According to the National Retail Federation, shoppers spent $1.7 billion less during that … Read more