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Cyber Monday Sets Record

November 29th, 2007 by flanews

More people are buying holiday gifts online.  Consumers spent more than $733 million  on Cyber Monday, the Monday after Thanksgiving.  Online retailers consider the day the start of the internet shopping holiday season.  The number represents a 21 percent increase over 2006.  But the Florida Retail Federation says the U.S. Congress needs to change sales tax laws.

“That is costing Florida about 2 billion, billion with a B, dollars a year.  So that needs to be changed,” said Rick McAllister with the Florida Retail Federation.  “Now, all those brick and mortar retailers who operate in Florida and have an online presence are collecting sales taxes, are remitting those to the state.  But those other online retailers who do not have a presence in Florida do not have to collect the tax that is owed by us as citizens of Florida.”

ComScore, the research firm that conducted the survey, also found that 60 percent of the money spent on Cyber Monday came from work computers.

Posted in Business, State Budget, State News | 1 Comment »

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