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Black Friday boosts online sales

By Phumeza Tontsi
Johannesburg, 29 Nov 2011

Black Friday boosts online sales

CNET reports.

The results buttress numbers released by IBM Coremetrics that showed online sales on Black Friday grew by 24.3% compared with the same period last year.

According to The Sacramento Bee, Gian Fulgoni, comScore chairman, said in a statement that e-commerce enjoyed a banner day, despite some analysts' predictions that early store openings on Black Friday could hurt online sales.

"With brick-and-mortar also reporting strong gains on Black Friday, it's clear that the heavy promotional activity had a positive impact on both channels," Fulgoni said.

Thanksgiving is also a big day for online sales, and comScore reported an 18% increase this year compared with a year ago, with $479 million in sales.

comScore said 50 million Americans visited online retail sites on Black Friday, up 35% from a year ago, The Washington Post reveals.

Each of the top five retail sites reported double-digit gains in visitors, in percentage terms, led by top retail site Amazon. Walmart ranked second, followed by Best Buy, Target and Apple.

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