Cyber Monday Likely to be Busiest Online Sales Day - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Cyber Monday Likely to be Busiest Online Sales Day

Posted: Updated:
(Photo: MGN) (Photo: MGN)

NEW YORK (AP) — Bye-bye Black Friday. So long Small Business Saturday. Now, it's Cyber Monday's turn.

Cyber Monday, coined in 2005 by a shopping trade group that noticed online sales spiked on the Monday following Thanksgiving, is the next in a series of days that stores are counting on to jumpstart the holiday shopping season.

It's estimated that this year's Cyber Monday will be the biggest online shopping day of the year for the third year in a row: According to research firm comScore, Americans are expected to spend $1.5 billion, up 20 percent from last year on Cyber Monday, as retailers have ramped up their deals to get shoppers to click on their websites.

Amazon.com, which is starting its Cyber Monday deals at midnight on Monday, is offering as much as 60 percent off a Panasonic VIERA 55-inch TV that's usually priced higher than $1,000. Sears is offering $430 off a Maytag washer and dryer, each on sale for $399. And Kmart is offering 75 percent off all of its diamond earrings and $60 off a 12-in-1 multigame table on sale for $89.99.

Retailers are hoping the deals will appeal to shoppers like Matt Sexton, 39, who for the first time plans to complete all of his holiday shopping online this year on his iPad tablet computer. Sexton, who plans to spend up to $4,000 this season, already shopped online on the day after Thanksgiving known as Black Friday and found a laptop from Best Buy for $399, a $200 savings, among other deals.

"The descriptions and reviews are so much better online so you can compare and price shop and for the most part get free shipping," said Sexton, who lives in Queens, N.Y., and is a manager at a utility company.

Sexton also said that it's easier to return an online purchase to a physical store than it had been in previous years. "That helps with gifts," he said.

How well retailers fare on Cyber Monday will offer insight into Americans' evolving shopping habits during the holiday shopping season, a time when stores can make up to 40 percent of their annual revenue. With the growth in high speed Internet access and the wide use of smartphones and tablets, people are relying less on their work computers to shop than they did when Shop.org, the digital division of trade group The National Retail Federation, introduced the term "Cyber Monday."

"People years ago didn't have ... connectivity to shop online at their homes. So when they went back to work after Thanksgiving they'd shop on the Monday after," said Vicki Cantrell, executive director of Shop.org. "Now they don't need the work computer to be able to do that."

As a result, the period between Thanksgiving and Cyber Monday has become busy for online shopping as well. Indeed, online sales on Thanksgiving Day, traditionally not a popular day for online shopping, rose 32 percent over last year to $633 million, according to comScore. And online sales on Black Friday were up 26 percent from the same day last year, to $1.042 billion. It was the first time online sales on Black Friday surpassed $1 billion.

For the holiday season-to-date, comScore found that $13.7 billion has been spent online, marking a 16 percent increase over last year. The research firm predicts that online sales will surpass 10 percent of total retail spending this holiday season. The National Retail Federation estimates that overall retail sales in November and December will be up 4.1 percent this year to $586.1 billion

But as other days become popular for online shopping, Cyber Monday may lose some of its cache. To be sure, Cyber Monday hasn't always been the biggest online shopping day. In fact, up until three years ago, that title was historically earned by the last day shoppers could order items with standard shipping rates and get them delivered before Christmas. That day changes every year, but usually falls in late December.

Even though Cyber Monday is expected to be the biggest shopping day this year, industry watchers say it could just be a matter of time before other days take that ranking.

"Of all the benchmark spending days, Thanksgiving is growing at the fastest rate, up 128 percent over the last five years," said Andrew Lipsman, a spokesman with comScore.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Local Volunteer Organization Making a Change

    Local Volunteer Organization Making a Change

    07/24/2017 20:04:00 -04:002017-07-25 00:04:00 GMT
    Monday, July 24 2017 8:34 PM EDT2017-07-25 00:34:33 GMT
    Pile of clothes being assorted before deliveryPile of clothes being assorted before delivery
    "Clothing Our Kids," a local volunteer run organization that had its start in a home, has grown, and is making a significant impact on Sussex County. The charity collects and donates clothing to 33 elementary schools for children K-5.More
    "Clothing Our Kids," a local volunteer run organization that had its start in a home, has grown, and is making a significant impact on Sussex County. The charity collects and donates clothing to 33 elementary schools for children K-5.More
  • U.S. Ag Secretary Visits Delaware State Fair

    U.S. Ag Secretary Visits Delaware State Fair

    Monday, July 24 2017 8:27 PM EDT2017-07-25 00:27:20 GMT
    Monday, July 24 2017 8:27 PM EDT2017-07-25 00:27:20 GMT
    HARRINGTON, Del. -- U.S. Agriculture Secretary Sonny Perdue visited the Delaware State Fair on Monday, visiting a number of young growers and farmers from the region.Perdue, a former governor of Georgia with no relation to the chicken company prevalent oMore
    HARRINGTON, Del. -- U.S. Agriculture Secretary Sonny Perdue visited the Delaware State Fair on Monday, visiting a number of young growers and farmers from the region.Perdue, a former governor of Georgia with no relation to the chicken company prevalent oMore
  • Tornado Destroys Homes in Stevensville

    Tornado Destroys Homes in Stevensville

    Monday, July 24 2017 7:24 PM EDT2017-07-24 23:24:10 GMT
    Monday, July 24 2017 7:24 PM EDT2017-07-24 23:24:10 GMT
    Several homes in the Bay City area of Stevensville were left extremely damaged after a tornado.More
    Several homes in the Bay City area of Stevensville were left extremely damaged after a tornado.More
  • Most Popular StoriesMost Popular StoriesMore>>

  • Updated: Queen Anne's County Tornado Confirmed

    Damage, Power Outages Reported After Maryland Severe Weather

    07/24/2017 07:59:00 -04:002017-07-24 11:59:00 GMT
    Monday, July 24 2017 3:29 PM EDT2017-07-24 19:29:58 GMT
    A large tree fell on this house in Stevensville, Md. during an overnight severe storm that passed through the area. (Photo:  Frank Tedesco/ Atlantic City Electric)A large tree fell on this house in Stevensville, Md. during an overnight severe storm that passed through the area. (Photo: Frank Tedesco/ Atlantic City Electric)
    A National Weather Service team has confirmed an EF2 tornado touched down in Queen Anne's County on Maryland's Eastern Shore. The tornado downed trees, damaged homes, and knocked out power out for thousands.More
    A National Weather Service team has confirmed an EF2 tornado touched down in Queen Anne's County on Maryland's Eastern Shore. The overnight weather event downed trees, damaged homes, and knocked out power out for thousands.More
  • ATV Driver Hit By Crop Duster in Berlin

    ATV Driver Hit By Crop Duster in Berlin

    Monday, July 24 2017 7:49 AM EDT2017-07-24 11:49:02 GMT
    Monday, July 24 2017 7:49 AM EDT2017-07-24 11:49:02 GMT
    (Photo:MGN)(Photo:MGN)
    An ATV driver suffered minor injuries after a crop duster pilot attempted to land at an airfield in Worcester County Sunday morning, Maryland State Police said.More
    An ATV driver suffered minor injuries after a crop duster pilot attempted to land at an airfield in Worcester County Sunday morning, Maryland State Police said.More
  • Man Charged in Deadly Dover Crash

    Deadly Dover Crash

    Monday, July 24 2017 7:49 AM EDT2017-07-24 11:49:14 GMT
    Monday, July 24 2017 7:49 AM EDT2017-07-24 11:49:14 GMT
    The crash happened on McKee Road near Seskinore Court in Dover.The crash happened on McKee Road near Seskinore Court in Dover.
    A 23-year-old Dover man has been charged with vehicular homicide following the death of 62-year-old Derik Percorini of Dover, police said.More
    A 23-year-old Dover man has been charged with vehicular homicide following the death of 62-year-old Derik Percorini of Dover, police said.More
  • Most Popular VideosMost Popular VideosMore>>

  • Damage, Power Outages Reported in Queen Anne's Co. After Severe Weather

    Damage, Power Outages Reported in Queen Anne's Co. After Severe Weather

    A National Weather Service team is headed to Maryland's Eastern Shore to determine whether a tornado touched down there.

    The weather service says the team is headed to Queen Anne's County on Monday to assess damage from the early morning storm that downed trees, collapsed buildings and knocked out power to thousands overnight in the Stevensville area of Kent Island. County officials say one person was injured but those injuries were not life-threatening.

    More

    A National Weather Service team is headed to Maryland's Eastern Shore to determine whether a tornado touched down there.

    The weather service says the team is headed to Queen Anne's County on Monday to assess damage from the early morning storm that downed trees, collapsed buildings and knocked out power to thousands overnight in the Stevensville area of Kent Island. County officials say one person was injured but those injuries were not life-threatening.

    More
  • WBOC Morning Weather for Monday, July 24, 2017

    WBOC Morning Weather for Monday, July 24, 2017

  • Sussex Man Convicted of Murder Granted Parole, Victim's Mother Speaks

    Sussex Man Convicted of Murder Granted Parole, Victim's Mother Speaks

    A Sussex County man convicted of murder 30 years ago has been granted parole.

    Back in 1987, deer hunters found the body of 18-year-old Douglas Brockway Jr. in a wooded area outside of Lewes. Ransford Bryan III was later charged in the murder and convicted of second-degree murder and sentenced to life in prison.

    More

    A Sussex County man convicted of murder 30 years ago has been granted parole.

    Back in 1987, deer hunters found the body of 18-year-old Douglas Brockway Jr. in a wooded area outside of Lewes. Ransford Bryan III was later charged in the murder and convicted of second-degree murder and sentenced to life in prison.

    More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices