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Black Friday, considered the beginning of the Christmas shopping season has come and gone. Traditionally Black Friday, is one of the busiest shopping days of the year for the brick and mortar retailers who attract customers by providing huge discounts. On that day people in the United States frantically shop for things they do not really need, (Read my article “Black Friday and the United Stupids of America (USA)!“)
Did you miss physical shopping on Black Friday because you are one of those people who tend to stay away from stores to avoid crowds?
Don’t worry. Cyber Monday, considered the biggest and busiest online shopping day of the year in the US is here. This day was created to allow customers like you to shop online from the comfort of their offices and homes. Many online retailers offer deals and large discounts to customers on this day.
According to the newly formed shopping tradition in the United States, Cyber Monday falls on the first Monday after Thanksgiving Day.
In 2003. Tony Valado, while working at 1800Flowers.com, coined the term “White Wednesday” to be the day before Thanksgiving, for online retailers to offer bargains to online shoppers. However, this suggestion it did not take effect.
According to Scott Silverman, the head of Shop.org, the term was coined in 2004 after a research found the Monday after Thanksgiving was “one of the biggest online shopping days of the year.”
During the 2005 holiday shopping season, the term was first used by the ecommerce community.
On November 28, 2005, in the article titled “Cyber Monday, Marketing Myth” published in Bloomberg Businessweek, Robert D. Hof wrote:
Do a Google search on “Cyber Monday,” and you get as many as 779,000 results. Not a bad haul for a term that was created just a week and a half ago to describe the jump in online shopping activity following the U.S. Thanksgiving holiday. While Black Friday is the official kickoff of the traditional retail season, the story goes, online retail really takes off the following Monday.
Michael Barbaro in his article titled “Online sa‘les take off on ‘Cyber Monday” published on November 30, 2005 in the New York Times wrote:
The name Cyber Monday grew out of the observation that millions of otherwise productive working Americans, fresh off a Thanksgiving weekend of window shopping, were returning to high-speed Internet connections at work Monday and buying what they liked.
In an article titled “U.S. Online Holiday Shopping Season Reaches Record $32.6 Billion for November-December Period, Up 12 Percent vs. Year Ago” published on January 5, 2011, comScore reported that consumers spent $1.028 Billion online on Cyber Monday, the highest spending day of 2010:
2010 Holiday Season vs. 2009 Holiday Season* Non-Travel (Retail) Spending Excludes Auctions and Large Corporate Purchases Total U.S. – Home/Work/University Locations Source: comScore, Inc. |
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Millions ($) | |||
2009 | 2010 | Percent Change | |
November 1 – December 31 | $29,084 | $32,589 | 12% |
Thanksgiving Day (Nov. 25) | $318 | $407 | 28% |
Black Friday (Nov. 26) | $595 | $648 | 9% |
Cyber Monday (Nov. 29) | $887 | $1,028 | 16% |
Green Monday (Dec. 13) | $854 | $954 | 12% |
Free Shipping Day (Dec. 17) | $586 | $942 | 61% |
*Full season comparison based on calendar days; individual day comparisons
based on corresponding shopping days in 2009
Top 10 Online Spending Days of 2010 Holiday Season Non-Travel (Retail) Spending Excludes Auctions and Large Corporate Purchases Total U.S. – Home/Work/University Locations Source: comScore, Inc. |
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Date | Spending in Millions ($) |
Monday, Nov. 29 (Cyber Monday) | $1,028 |
Monday, Dec. 13 (Green Monday) | $954 |
Monday, Dec. 6 | $943 |
Friday, Dec. 17 (Free Shipping Day) | $942 |
Thursday, Dec. 16 | $930 |
Tuesday, Dec. 14 | $913 |
Tuesday, Nov. 30 | $911 |
Wednesday, Dec. 8 | $901 |
Thursday, Dec. 9 | $898 |
Tuesday, Dec. 7 | $880 |
Cyber Monday is not a public holiday in the United States. Online retailers offer deals, several weeks and days ahead on online forums and websites. A large percentage of the online shopping on this day is done during work hours and many retailers offer extra lunchtime discounts to their customers.
In recent years many online businesses have decided to extend their deals, events, and promotions for at least 5 full business days following Cyber Monday thus creating a “Cyber Week.”
Now, “Cyber Monday” has become an international marketing term used by online retailers in Canada, the United Kingdom, Portugal, Germany, Chile, Colombia, Ireland, and Japan.
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Related articles
- Cyber Monday, Marketing Myth (businessweek.com)
- Online sales take off on ‘Cyber Monday’ (nytimes.com)
- U.S. Online Holiday Shopping Season Reaches Record $32.6 Billion for November-December Period, Up 12 Percent vs. Year Ago (comscore.com)
- Black Friday and the United Stupids of America (USA)! (tvaraj.com)
- Cyber Monday brings warnings of increased attacks (blogs.sophos.com)
- Cyber Monday in United States (timeanddate.com)
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Awesome POst! Thanks For Sharing such a nice Information About great Online Shopping Festival
http://www.thegreatonlineshoppingfestival.com/
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I agree that Cyber Monday has been one of the most popular days for online buyers. But I am told that it is very difficult to enter the shopping sites and compelete the transactions on that day, as only limited stocks are available for purchase.
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