FedEx Expects 11% Jump in Cyber Monday Shipments This Year

FedEx is expecting to ship 22 million packages on Dec. 2, a.k.aCyber Monday, this year, an 11% increase over last year.

The figure, reported in The Wall Street Journal, is almost double the 11.5 million packages the company shipped on Cyber Monday in 2007. Though the figure rises each year as more consumers shop online, this year Thanksgiving falls late on the calendar, meaning consumers will be under more of a time crunch to buy

Cyber Monday, the first workday after Thanksgiving and Black Friday, was traditionally seen as the day that consumers got back to their desks and felt the pressing need to buy presents. However, some see the day (and its throwback name) as a hoary concept as consumers embrace mobile technology. Nevertheless, Cyber Monday sales rose 30% last year, according to IBM. According to comScore, Cyber Monday spending in the United States rose 17% in 2012 from Cyber Monday in 2011, to $1.46 billion Read more...