Cyber Monday is brewing over the horizon. This day is expected to draw $6.6. billion in sales and become the largest online shopping day in U.S. history. Shoppers are fresh off the heels of a hectic Black Friday and are already looking to capitalize on more great deals and holiday discounts.
It’s probably a lot smarter to shop on Monday rather than the increasingly dangerous Black Friday. At least you won’t get trampled online…
This day of online holiday shopping dates back to 2005 when Ellen Davis and Scott Silverman coined the term. Cyber Monday first appeared in print on November 28, 2015, in a press Shop.org release, with the title: “‘Cyber Monday’ Quickly Becoming One of the Biggest Online Shopping Days of the Year”.
Each year, more and more people take advantage of the Cyber Monday sales. In 2006, online spending jumped 25% of this shopping holiday, as shoppers spent a total of $608 million. This kept increasing throughout the years. In 2007, online spending jumped 21% with shoppers spending $733 million. In 2008, online spending jumped an additional 15% with shoppers dishing out $846 million. Sales continue to grow and grow until reaching a record amount of $2.98 billion in 2015, increasing from the previous year’s record of $2.65 billion in 2014.
How do you plan on spending your Cyber Monday?