Amazon is Crushing Physical Stores in Holiday Gadget Sales

AmazonBrick-and-mortar retail chains did not seem to have a great Thanksgiving week. But the latest comScore numbers show that online shopping not only had a terrific Thanksgiving but that sales growth is actually accelerating into December at a breakneck speed. This Christmas is particularly interesting for consumer electronics, because Apple has widened its smartphone selection, two new home game consoles have just launched and non-Apple tablet selection is unusually broad with Amazon, Samsung, Microsoft and a host of Asian vendors promoting their new lineups aggressively. According to comScore, the Thanksgiving weekend online retail sales showed robust 34% growth over the same period in 2012. However, during the Cyber Weekend (whatever that is) of December 7th and December 8th, online retail sales growth soared to astonishing 71% on a year-on-year basis.

Read the full story at Boy Genius Report.