This Cyber Monday Was the Biggest Online Shopping Day, Ever (zdnet.com) 56
Cyber Monday is likely to have been the biggest online shopping day in history, according to an analysis of visits to US retail websites. Online spending in the US yesterday hit a new record with $3.39bn spent online, a 10.2 percent increase year-over-year -- ahead even of Black Friday, when $3.34bn was spent. ZDNet adds:Cyber Monday is expected to generate slightly less mobile revenue than Black Friday at $1.19bn, but that's still a 48 percent increase on last year, according to the analysis by Adobe. Consumers have spent a total of $39.9bn online so far this month, it said, up 7.4 percent on last November, with 27 out of 28 days seeing online sales of over $1bn. The five best-selling toys in terms of quantity sold on Cyber Monday were Lego, Shopkins, Nerf, Barbie, and Little Live Pets. The five best-selling electronic products were Sony PlayStation 4, Microsoft Xbox, Samsung 4K TVs, Apple iPads, and Amazon Fire tablets, the company said.
New Economics [Re:It's gonna be yuuuuuuuuge!] (Score:4)
Was that intended as sarcasm?
Automation and virtual stores are a far bigger threat to blue-collar jobs than China and Mexico. President Elect Trump is solving the wrong problem. Big factories ain't coming back, at least not with people inside.
But if the economy is stimulated enough by other means, then jobs may open up in other areas, like cooks, custom landscaping, customizing cars, etc. The demand for hands-on customization exists: having something custom is a status symbol, but people will only pay for it if they feel they have enough money.
I think Helicopter Money (HM) should be tried to juice the economy. Automation has increased the economy's capacity, but the money supply hasn't grown to match that increase, creating sub-par inflation.
Some economist worry that HM may trigger run-away inflation. I don't propose over-doing it, just enough to get a normal inflation rate. If everyone is afraid to try new things in the new economy, we'll be stuck in a rut. Low interest rates alone aren't working. The old economic toolkit needs new tools for the new era, and we may have to gamble a bit to test these tools. I'm sure having the Fed Reserve manage interest rates made many economists nervous at first. They got over it. HM is just another knob* for them.
I don't personally like Trump, but boldly going where nobody has economically gone before is just up his ally.
Engage, Captain Orange!
* Some believe the market should "self regulate" both of these, but I have not seen a sensible plan for such. For example, one that cannot be manipulated by big banks using OPEC-like collusion. Some argue they do that now with interest rates, but making it even easier to collude is an anti-fix. Adjust, don't kill the Fed Reserve.
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Okay, but unless there's lots of new little factories, it won't change employment much.
them big factories (Score:2)
you know most big factories started out small...
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Cyber Monday got the popular vote (Score:1, Flamebait)
So, Cyber Monday got the popular vote.
Did the Black Friday win by some other metrics — securing the whatever College?
In any case, I demand a recount — please, help me finance it by making a donation.
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"Arbeit macht frei"
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Balms for the losers (Score:3)
Dude, if you are that sore still, you should've taken advantage of some yuuuge discounts on vaseline [amazon.com] yesterday...
WRONG! (Score:1)
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$3.39b is the record...? Hardly.
In November 2016, the e-commerce giant Alibaba has set its Singles Day record and generated 120.7 billion CNY (17.79 billion USD) in gross merchandise.
https://en.wikipedia.org/wiki/... [wikipedia.org]
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Cyber Monday broke records... but only in regards to the US.
Singles Day in asia absolutely slaughtered Cyber Monday and Black Friday combined.
Reasons (Score:2)
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Indeed it does. Kanye West is planning to run for President in 2020.
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Hmm..I dunno.
It appears the pressure for that 2020 run has already taken its toll on poor Kanye's mental health, as that he's in lockdown now in the hospital.
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he's in lockdown now in the hospital.
Perfect training for a federal government job,
Singles Day! (Score:5, Informative)
Once again, the US forgets that the rest of the world exists.
Only 2 weeks ago, one vendor (Alibaba), on one day (11.11.2016) did $17.73 BILLION in sales, over 3 times what these numbers are claiming was a record.
Re: Singles Day! (Score:1)
From TFA:
"Online spending _in the US_ yesterday hit a new record with $3.39bn spent online..."
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Well, we're withdrawing from the rest of the world, like you asked us to. We're going to take all our troops home, from Europe, from Korea, from Japan, everywhere. You hate our guts. It's been shouted loud and clear for a long time and don't think we didn't get the message, because we did. Slashdot is a US-centric site and it will remain so.
Here's an idea: why don't you make your own tech site and it can be worldly? You can have global citizens posting and ban everything but metric units and so on.
Brick and mortar were pushed out. (Score:1)
Remember bookstores? There is actually a couple near me. A Barnes and Noble about 7 miles away and some old guy who runs this coffee, book, Civil War crap, and other stuff store.
Sporting goods? Sports Authority is gone.
Online has pushed these people out of business. And when you have family in other parts of the country, it makes sense to just order online and ship to them.
What I'm seeing is that online retailers are no longer the place for deals now. They undercut when the could but as brick and mortar s
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I see more big box sports stores now than ever before. Seems to be a growing industry.
Granted nowadays, 4/5ths of the store is dedicated to clothing, so they're more "Clothing stores with some sport equipment in them". Gander Mountain, Cabelas, Bass Pro Shop, Academy Sports, Dicks, REI, Sportsman Warehouse, and a few financially viable local chains. More sports stores now than there has ever been.
As for book stores, they're still around, but the remaining hold-outs seem to be larger bookstores. Waldenbo
iPad & Fire Tablet (Score:2)
Re:iPad & Fire Tablet (Score:4, Funny)
They were, but they were recharged with a USB cable.
Where's the spam filter (Score:4, Interesting)
How many of these silly articles are going to be based on Adobe press releases?
And when/how did Adobe manage to convince anyhow that they're some sort of authority on web-based shopping metrics, anyhow? Are they running Amazon's backend or something?
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I have to admit, the only report from Gartner that I would trust would be something about fools being parted with their money; they have both depth and breadth of experience on that subject.
NOT (by far) the biggest (Score:4, Informative)
Cyber Monday is likely to have been the biggest online shopping day in history... when $3.34bn was spent
No.... Alibaba ALONE did many times that much business ($14.3bn US) vs on Singles Day this year:
Alibaba. [reuters.com]
"Cyber Monday" is slightly more than a rounding error.
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Screw all of them (Score:2)
I haven't bought anything expect a dinner since the 21st. And I am not going to buy anything.
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A diner is a pretty big investment, so I'm not surprised.
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Ditto. I'd rather go out and eat with people to spend time with.
Wrong Photo (Score:2)
No way! (Score:1)
Next you're going to tell me that the latest iOS is the Most Advanced iOS, Ever!
Cyberman Day (Score:2)
Quick, someone call the Doctor.