Cyber Monday Expects High Sales
The shopping marathon after Thanksgiving continues as the United States gear up for Cyber Monday, November 30 as an expected 100 million online shoppers log on to find bargains.
About 700 e-commerce sites are expected to offer great deals, reports The Washington Post. Among the bargains found online is a $79 10-megapixel digital camera at Amazon.com, $15 discount for $75 purchases at Walgreens and free shipping at Nappy Tabs.
Analysts are expecting a 3% sales increase or $28.8 billion for the next two months. Earlier predictions were at 1%. Online sales during Black Friday were at $595 million. Some are expecting that this may diminish Cyber Monday sales.
At 2:20 p.m. ET, about 4.3 million Americans per minute are hitting the Internet to shop.
Cyber Monday is a marketing term that refers to the Monday immediately following Black Friday being the busiest day of the year for retail electronic commerce in the US. Black Friday is the Friday following Thanksgiving Day, which is the beginning of the traditional Christmas shopping season.