black friday

Move over Black Friday, Cyber Monday is where the action happens. Consumer spending is heading to the virtual high street as Christmas shoppers favour etailers over their bricks and mortar counterparts.

In the US, Black Friday, the Friday after Thanksgiving, has been traditionally known as the busiest shopping day of the year. Accounting folklore suggests it's the day each year when retailers make it out of the red.

Official comScore figures reported a spend of $595 billion in online spend on this day, an 11% increase on the same day last year.