Good News, Online Retailer | featured news

Cyber Monday online sales beat forecasts by nearly half a billion dollars. ComScore on Monday predicted that Cyber Monday would generate $1.5 billion in online sales, but according to Adobe, the shopping day ended up raking in $1.98 billion, which was a 17% increase compared to last year.

After years of being more hype than highlight, Cyber Monday appears on its way to its biggest outing ever. Last year, the Monday after Thanksgiving saw an estimated $1 billion spent online in the United States, making it the biggest e-sales day ever. And analysts said Monday that this year's "holiday" -- the online answer to the annual Black Friday bargain rush on stores -- is on pace to be bigger still.

Online sales rose 24.3% this Black Friday, reflecting heavy investment by mainline retailers to get more traction on the Web.

Holiday online retail spending for the 47 days of the shopping season through December 17 totaled $27.46 billion, according to new data from ComScore, up 12% from the comparable period a year ago. Sales in the latest week were $5.15 billion, up 14% from the comparable week last year.

U.S. online retail sales through the first 40 days of the 2010 holiday shopping season are up 12% from a year ago, according to a Sunday update from ComScore.

The numbers are in. And they look good.