• Most Popular
  • Most Shared

Black Friday Web sales jump

CHICAGO
Sat Nov 29, 2008 6:38pm EST
The new Apple iPod Touch media player is seen during it's unveiling in San Francisco, September 5, 2007. REUTERS/Robert Galbraith

CHICAGO (Reuters) - Online sales jumped on Black Friday as consumers searched for electronics such as the Wii video game console and Apple's iPhone and iPod touch, according to eBay Inc and Amazon.com Inc.

Media

Amazon.com and eBay had both forecast a weaker holiday this year as consumers cut back on discretionary purchases.

But U.S. shoppers are scouring the Internet and stores for the best prices this season as they grapple with the worst economic crisis since the Great Depression.

PayPal, an online payments service owned by eBay, saw almost 34 percent more transactions this Black Friday than a year earlier, eBay said on Saturday.

PayPal saw sales rise 26 percent on Black Friday, the day after the Thanksgiving holiday that traditionally kicks off the U.S. holiday shopping season. PayPal said its sales numbers reflected 12 percent of all U.S. e-commerce.

Black Friday is best known as the day consumers crowd shopping malls, while greater online traffic is expected three days later on "Cyber Monday," when consumers use faster Internet connections at the office to make purchases.

Overall Web sales during the U.S. holiday season are expected to be flat at about $29 billion this year, according to tracking firm comScore.

Amazon.com said Apple Inc's iPod touch was the top-selling electronics item on Friday morning, followed by a Canon Inc PowerShot camera. Wii Fit and the Wii console were the top-selling items in the video game category, while the LeapFrog Tag Reading System was the best-selling toy.

The most searched-for product on eBay was Nintendo's Wii console and 3,171 of them were sold on the site.

On Shopping.com, another site owned by eBay, the most popular searches were Nintendo Wii Fit and Nintendo Wii. Other electronics were also popular, with a GPS navigation system selling every nine minutes on the site and an MP3 player selling every 11 minutes, eBay said.

(Reporting by Jessica Wohl; Editing by Peter Cooney)



More from Reuters

Photo

Senate on track to pass healthcare bill

WASHINGTON (Reuters) - Senate Democrats moved closer on Monday to passing landmark healthcare legislation by Christmas after scoring a win in the first big test vote and gaining the support of a powerful lobbying group for doctors. | Video

Photo

Political risk clouds Asia

The economic outlook is strong, but the danger of a sudden correction hangs over Asian markets - as political risks could turn sunshine to storm clouds in the blink of an eye.  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article