Tag Archives: Cyber Monday

Chicago Company Best Retailer for Cyber Week

It appears that people looking for the best bargains during the insane buying frenzy of Black Thursday, Cyber Monday and beyond would have done best at Chicago-based Groupon. This on-line purchasing powerhouse displayed the best deals and largest discounts than any other retailer during the 2015 Cyber Week shopping season.

Groupon prevailed with a 62-percent discount rate, according to a report published by Wallethub, a personal financial website. Researchers analyzed thousands of deals during the holidays from 30 of the largest US retailers and found that Groupon led the pack with Belk, Bon-Ton, JCPenney, Macy’s, eBay, Kohl’s, Sears, Amazon and Kmart following behind.

The category with the best discounts was jewelry. Computers, phones and video games were the least discounted articles. Sales on Cyber Monday reached $3.07 billion, 16 percent more than on the same day last year. Add that to the astounding sales from Thanksgiving on Thursday to Sunday, and the grand total is an astounding $11.1 billion.

The Wallethub study declared that the $3 billion total for Cyber Monday this year was the largest amount for a one-day sale in e-commerce history.