Cyber Monday expected to bring in $1.5 billion - FOX 35 News Orlando

Cyber Monday expected to bring in $1.5 billion

Posted: Updated:

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.

  • New York State NewsNew York State NewsMore>>

  • Obama in Westchester for Democratic fundraisers

    Obama in Westchester for Democratic fundraisers

    Friday, August 29 2014 7:28 AM EDT2014-08-29 11:28:47 GMT
    President Barack Obama is going on a fundraising sweep through New York and Rhode Island as he continues to help Democrats raise money for November's elections. Obama headlines three events on Friday. Two in Westchester County, and the third is in Newport, Rhode Island. The New York fundraisers will benefit the Democratic National Committee, which is still paying off debt from the 2012 campaign season.
    President Barack Obama is going on a fundraising sweep through New York and Rhode Island as he continues to help Democrats raise money for November's elections. Obama headlines three events on Friday. Two in Westchester County, and the third is in Newport, Rhode Island. The New York fundraisers will benefit the Democratic National Committee, which is still paying off debt from the 2012 campaign season.

  • RV offers legal help outside NY, NJ family courts

    RV offers legal help outside NY, NJ family courts

    Thursday, August 28 2014 11:09 AM EDT2014-08-28 15:09:22 GMT
    A new assistance program in New York and New Jersey seeks to help parents settle child support battles.
    A new assistance program in New York and New Jersey seeks to help parents settle child support battles.
  • Hurricane Cristobal to move toward north Atlantic

    Hurricane Cristobal to move toward north Atlantic

    Thursday, August 28 2014 7:11 AM EDT2014-08-28 11:11:47 GMT
    Hurricane Cristobal is expected to move rapidly toward the north Atlantic, staying away from Bermuda and passing south of Nova Scotia. The hurricane's maximum sustained winds early Thursday are near 75 mph (120 kph) with no significant change in strength forecast over the next two days. The U.S. National Hurricane Center says Cristobal is centered about 285 miles (460 kilometers) northwest of Bermuda and is moving northeast near 29 mph (46 kph).
    Hurricane Cristobal is expected to move rapidly toward the north Atlantic, staying away from Bermuda and passing south of Nova Scotia. The hurricane's maximum sustained winds early Thursday are near 75 mph (120 kph) with no significant change in strength forecast over the next two days. The U.S. National Hurricane Center says Cristobal is centered about 285 miles (460 kilometers) northwest of Bermuda and is moving northeast near 29 mph (46 kph).
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices