The following video is from Friday's Motley Fool Money roundtable discussion with host Chris Hill and analysts Joe Magyer, James Early, and Ron Gross.
With all of the focus on the chaos of Black Friday in the days leading up to it, the foot traffic was about the same as it was the previous year, up only 3%. Year-over-year sales were actually down slightly. The real story was online traffic. Cyber Monday sales were up a whopping 30% from the previous year. Given online sales are currently only 5% of all U.S. purchases, and two-thirds of the world's population doesn't have an Internet connection yet, this market still has room for rampant growth. The current dominator in this space is, of course, Amazon .
The article The Growing Opportunity in Online Retail originally appeared on Fool.com.Chris Hill owns shares of Amazon.com. The Motley Fool owns shares of Amazon.com. Motley Fool newsletter services recommend Amazon.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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