Online merchants happy, so far

Sites say they're seeing bigger-than-expected spike in traffic, deals in first days of holiday shopping season.

Subscribe to Technology
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

NEW YORK (CNNMoney.com) -- Two online retail companies gave positive reports on the first days of the Thanksgiving weekend, saying sales were up significantly in the traditional holiday kickoff period from a year earlier.

eBay Inc. (Charts, Fortune 500) said its Shopping.com site saw a 61 percent increase in Black Friday traffic from the 2006 period.

Meanwhile, PriceGrabber.com, a comparison-shopping site run by Britain's Experian Group Ltd., said referrals from its site to participating merchants were up 47 percent on Black Friday from a year ago.

According to both merchants, projections for online sales increases this season are in the 20 percent range, to about $33 billion.

"Early signs from a very busy Black Friday show that many shoppers are grabbing their mouse instead of their car keys this holiday season," Jim Griffith, eBay Inc. dean of education, said in a statement.

Both eBay and PriceGrabber said the Nintendo Wii game console was among the most popular items sold online. eBay said its namesake site sold 358 Wiis on Black Friday at an average price of $411.76, more than $161 above its suggested retail price.

eBay said Webkinz pet toys were the hottest toys on the Shopping.com site this year.

Both sides are expecting a bump up in traffic on Monday, a day often referred to as Cyber Monday because it's usually the first big day of holiday online shopping of the season. But the sites say they expect the second Monday in December - Dec. 10 this year - to be the busiest day for shopping online. To top of page

Photo Galleries
50 years of the Ford Mustang Take a drive down memory lane with our favorite photos of the car through the years. More
Cool cars from the New York Auto Show These are some of the most interesting new models and concept vehicles from the Big Apple's car show. More
8 CEOs who took a pay cut in 2013 Median CEO pay inched up 9% in 2013 to $13.9 million. But not everyone got a bump last year. Here are eight CEOs who missed out. More
Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.