Retail experts expect Cyber Monday to be the biggest online shopping day 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 deals to get shoppers to click on their websites.
Cyber Monday is a marketing term created in 2005 by the shopping trade group The National Retail Federation, who noticed a rise in online sales on the Monday following the Thanksgiving holiday.
Retailers count on Cyber Monday to jump-start the holiday shopping season.
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 (140-centimeter) 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 diamond earrings and $60 off a 12-in-1 multigame table on sale for $89.99.
Financial experts believe how well retailers do on Cyber Monday will offer insight into the country's evolving shopping habits during the holiday season. The growth in high speed Internet access and the wide use of smartphones and tablet computers are the reason why customers 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, coined the term "Cyber Monday."
This has caused the period between Thanksgiving and Cyber Monday to become busy for online shoppers.
Saturday, May 25 2013 10:52 PM EDT2013-05-26 02:52:40 GMT
Defense Secretary Chuck Hagel congratulated the cadets at West Point's commencement ceremony Saturday, but warned them they have a tough road ahead. He praised how far the military has come
Defense Secretary Chuck Hagel congratulated the cadets at West Point's commencement ceremony Saturday, but warned them they have a tough road ahead. He praised how far the military has come
Friday, May 24 2013 6:09 PM EDT2013-05-24 22:09:59 GMT
New York State has 17,000 highway bridges. There are some bad ones. The Tappan Zee Bridge, for example, is set to be replaced because of aging infrastructure.
New York State has 17,000 highway bridges. There are some bad ones. The Tappan Zee Bridge, for example, is set to be replaced because of aging infrastructure.
Authorities say police divers will be back in the Hudson River to resume the search for a man who went into the water while fishing from an Albany-area dock.
Authorities say police divers will be back in the Hudson River to resume the search for a man who went into the water while fishing from an Albany-area dock.
Friday, May 24 2013 12:50 PM EDT2013-05-24 16:50:33 GMT
County sheriffs have asked to join the federal lawsuit challenging New York's tough new gun restrictions, calling some provisions vague and impossible to enforce fairly.
County sheriffs have asked to join the federal lawsuit challenging New York's tough new gun restrictions, calling some provisions vague and impossible to enforce fairly.
Thursday, May 23 2013 8:50 PM EDT2013-05-24 00:50:04 GMT
Heavy downpours sparked flash flooding across the tristate area on Thursday. The National Weather Service issued numerous weather alerts for many counties in New York, New Jersey, and Connecticut.
Heavy downpours sparked flash flooding across the tristate area on Thursday. The National Weather Service issued numerous weather alerts for many counties in New York, New Jersey, and Connecticut.
Wednesday, May 22 2013 10:08 PM EDT2013-05-23 02:08:29 GMT
A bus chaperone is accused of going on a profanity-laced tirade towards a group of 12 and 13-year-olds and a piece of candy may be what started the incident.
A bus chaperone is accused of going on a profanity-laced tirade towards a group of 12 and 13-year-olds and a piece of candy may be what started the incident.
Wednesday, May 22 2013 6:15 PM EDT2013-05-22 22:15:21 GMT
An Army soldier has been charged with secretly photographing and videotaping women at the U.S. Military Academy at West Point, including in a bathroom.
An Army soldier has been charged with secretly photographing and videotaping women at the U.S. Military Academy at West Point, including in a bathroom.
