Business Headlines: Black Friday A Big Success; Cyber Monday Deals

BOSTON (CBS) – Black Friday sales are already a huge success.

Sales were up seven percent over last year, according to ShopperTrak, which said buyers spent more than $11 billion on Friday alone.

That’s the most ever for Black Friday, the biggest year-to-year increase since 2007.

But cash could be a competitor for retailers.

A Western Union survey found that 83-percent of consumers would rather receive $50 in cash than a $50 gift.


And today is Cyber Monday and plenty of online retailers are offering big discounts today.

Best Buy is offering a $10 gift card with a $100 purchase.

Kmart is offering free shipping on qualifying purchases more than $49.

At Macy’s, free shipping is available on purchases greater than $75, but clearance items are 25-to-40 percent off.

And is offering the Kindle DX for $259, down from a usual $379.

Online sales on Black Friday were up 26-percent from last year.


And what are the hot jobs in this cold economy?

One word – technology.

Salaries are expected to rise by more than nine-percent for mobile app developers.

If you’re a data warehouse analyst, salaries are expected to jump nearly seven-percent.

And if your expertise is in making the user experience better, your pay is projected to jump more than six-percent.

There’s also a demand for making websites safer.

Watch Lisa’s report:

Lisa van der Pool of the Boston Business Journal can be seen weekdays at 6 a.m. on WBZ-TV.

  • Cyber Monday Deals Show Promise For Customers, Retailers « CBS Chicago

    […] the most ever for Black Friday, the biggest year-to-year increase since […]

  • emom

    you know I have to wonder. Last year they said the same thing right after black Friday. Retailers had a great day of sales. Then within the month they stated they didn’t do as well as they thought.. They seem to be going by the sales generated that day. But They did not anticipated the returns. Something that seems to change the outcome of the sales. I think its a bit premature to truly get a sense of how they have done.
    Personally All I saw was huge tvs leaving the stores., and after all the TVs were gone, the stores seemed a bit empty. so have to wonder again where these sales are being generated.

blog comments powered by Disqus
Taz Show
Download Weather App

Listen Live