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November 26, 2005

Recovered from Black Friday? Get ready for Cyber Monday!


But don’t tell the boss! Reuters:

U.S. online holiday sales are expected to hit nearly $20 billion this year and should take off on Monday, when consumers return to work and their fast Internet connections after the long Thanksgiving weekend.

“Cyber Monday,” the term coined for the Monday after Thanksgiving, comes on the heels of the busy “Black Friday” shopping day when many brick-and-mortar retailers begin turning a profit.

The good news for online shoppers this year, is that “Cyber Monday” is becoming the Web shopping equivalent to “Black Friday” when retailers launch major sales and discounts to drive traffic, analysts said.

“Most people who shop online do it at work, not at home,” despite rising rates of high-speed home Internet connections, said Jay McIntosh, Americas director of retail and consumer products at Ernst & Young. Work connections tend to be faster than those at home, he said.

The regular “deal” sites like GottaDeal.com and SlickDeals.net will undoubtedly be all over the Cyber Monday offers since online bargains are their usual venue.


Posted at 8:29 am. Filed under Bargains

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