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Cyber Monday running well ahead of last year

Monday - 12/2/2013, 3:30pm  ET

NEW YORK (AP) -- Early numbers indicate that online shopping is up by more than 20 percent today compared with the same time last year.

The figures by IBM Benchmark were released at noon, Eastern time. They suggest that nearly a third of all online shopping traffic was done by way of mobile devices like smartphones and tablets.

Cyber Monday, the Monday after Thanksgiving, is supposed to be the busiest day of the year for online shopping.

Retailers failed to boost spending during the four-day holiday weekend. They had offered big discounts in early November, and several retailers opened stores on Thanksgiving Day. But the National Retail Federation estimates that spending fell for the first time ever -- down 2.8 percent -- during the four days that ended yesterday.

The NRF's online arm says more than 4 out of 5 retailers were planning to offer deals specifically for Cyber Monday.

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042-a-16-(Shawn Dubravac (doo-bruh-VAK'), chief economist, Consumer Electronics Association, in AP interview)-"the week ahead"-Shawn Dubravac, the chief economist with the Consumer Electronics Association, says they're expecting strong sales of electronic gifts online this week, noting many consumers were shopping for video game consoles in brick-and-mortar stores this weekend. (2 Dec 2013)

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168-a-12-(Patrick Fitzgerald, senior vice president, FedEx Services, in AP interview from FedEx Global Operations Control Center)-"overall economic environment"-FedEx Senior Vice President Patrick Fitzgerald says this likely will be the busiest day FedEx has ever seen. (2 Dec 2013)

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APPHOTO NYBZ115: FILE - In this Monday, Nov. 26, 2012, file photo packages are ready to ship move along a conveyor belt at the Amazon.com 1.2 million square foot fulfillment center, in Phoenix. Millions of shoppers are expected to click on items on Monday, Dec. 2, 2013, as retailers rev up deals to grab online holiday shopping dollars on the first working day after the busy holiday weekend. (AP Photo/Ross D. Franklin, File) (26 Nov 2012)

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APPHOTO NYBZ116: FILE - In this Monday, Nov. 26, 2012, file photo, an employee walks a wide isle at Amazon.com's 1.2 million square foot fulfillment center, in Phoenix. Millions of shoppers are expected to click on items on Monday, Dec. 2, 2013, as retailers rev up deals to grab online holiday shopping dollars on the first working day after the busy holiday weekend. (AP Photo/Ross D. Franklin, File) (26 Nov 2012)

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