Tag: internet sales

Cyber Monday Sales: Exactly As Expected

Mr. Blodget says:

One headline after another trumpeting the Comscore (SCOR) release that Cyber Monday sales “jumped”, “broke records,” etc., but not one (so far) contains the actual news: sales came in exactly as expected–up 21% year over year, the same growth rate as the first ten months of the year.

Here’s the kind of half-baked headline Henry is talking about. Bloomberg, on the other hand, pulled no punches.