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"Cyber Monday" Pegged the Heaviest Shopping Day Online for the Year

Credit Pacific Service Union By Dave Porter

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Credit First Service Union (AXcess News) Reno - The National Retail Federation (NRF) has pegged the first Monday after Thanksgiving to be the heaviest shopping day online for the year. While traditional retailers will be monitoring store traffic and sales on Black Friday (the day after Thanksgiving), online retailers, or e-tailers,have set their sights on something different.

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Card Credit Mobile Service For the past few years,e-tailers have found that sales on the Monday after Thanksgiving have been creeping higher, giving retailers an additional reason to be jolly during the ceremonial kickoff to the holiday season.

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Card Credit Discover Service According to the Shop.org/BizRate Research 2005 eHoliday Mood Study, 77 percent of online retailers said that their sales increased substantially last year on the Monday after Thanksgiving, a trend that is driving serious online discounts and promotions on Cyber Monday this year.

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Credit Public Service Union "On Cyber Monday, consumers set their sights on surfing for holiday gifts and shopping online," said Scott Silverman, Executive Director of Shop.org. "This year,e-tailers will be capitalizing on the increased traffic by offering special promotions and discounts."

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Card Credit Processing Service Experts believe that an increase in web traffic could stem from the fact that consumers may have faster or more secure Internet connections at work and choose to shop there, or that they were unable to finish all of their shopping over the Thanksgiving weekend.

Center Credit Service Union Consumers are expected to head online in droves on Cyber Monday, many during work hours.

Card Credit Service Wireless According to a recent Shop.org survey, conducted by BIGresearch, more than one third of consumers (37%), or 51.7 million people, said they will use Internet access at work to browse or buy gifts online this holiday season. The survey found that more than half of young adults 18-24 (51%) and nearly half of those 25-34 (49%) will be shopping online during work hours. The survey also found that men (42%) are more likely than women (32%) to shop at the office.

Credit Security Service Union According to the survey, the biggest Cyber Monday winners last year were jewelry/luxury retailers, with 89 percent of websites seeing substantial increases in sales, and consumer electronics retailers at 86 percent. Retailers who offer food, beverages, or other gourmet items (83%) and furniture and home dcor (80%) also saw above-average sales surges.

Credit Report Service This year, 43% of e-tailers are expected to offer special promotions and discounts on Cyber Monday. Deals will range from free shipping to gifts with purchase to percentages off.

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