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Cyber Monday

Cyber Monday sales still on top, but losing some luster

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Retailers are rolling out online deals on so-called “Cyber Monday.” But now that shoppers are online all the time anyway, the 10-year-old shopping holiday is losing some of its luster. Still, Monday is expected to be the biggest online shopping day ever, with estimates that it will rack up over $3 billion in sales. “It’s no longer about one day, but a season of digital deals,” said Matthew Shay, president of retail trade group The National Retail Federation. Online shopping…

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FedEx predicts 12 percent increase in holiday shipments

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With online shopping growing, FedEx is bracing for a record volumes this holiday season. The delivery company predicted Monday that shipments from Black Friday through Christmas Eve will rise 12.4 percent over last year to 317 million pieces. The company said that to handle the crush, it is hiring more than 55,000 seasonal workers and investing in automation and expansion. Rival United Parcel Service Inc. will release its holiday forecast on Tuesday, said spokesman Steve Gaut. He said that the…

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Go away, Christmas, it’s not your turn yet!

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No. No. No and good Lord, no! It’s the middle of September. Halloween is still more than a month away. Thanksgiving is more than two months away. Pumpkin beer has only just hit the shelves and I don’t think Starbucks has started pumpkin-fying everything just yet, even. But nevertheless, a creditcards.com survey shows 18 percent of online shoppers and 14 percent of in-store shoppers have already started their holiday shopping. Translate that nationwide based on census data and that means…

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