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Retailers provide more or less the same deal on Cyber Mondays, the only difference is that tech savvy shoppers steer clear of scams and perhaps manage to bag the best deal. Having said that, contrary to common belief, Cyber Monday is not the busiest online shopping day of the year. Yes, it attracts a considerable amount of shoppers, but human beings always save things for the last minute. That's why 10 days before Christmas is always the busiest shopping season, both online and offline.
Just like we'd gathered some interesting facts related to Black Friday, we bring you some interesting facts about Cyber Monday as well. Have a look:
- The term Cyber Monday was invented in 2005 through a press release by Shop.org.
- The press release shared a research that showed that 77% of online retailers witnessed an increase in their sales on the Monday following the Thanksgiving weekend.
- Although comScore reported that in 2010 Cyber Monday was the highest spending day of the year ($1.028 billion), but Cyber Monday isn't always the highest spending day of the year.
- Cyber Monday is in fact the 12th busiest online shopping day of the year.
- The busiest online shopping day falls in mid-December, about 10 days prior to Christmas.
- Green Monday is another day added to list of consumerism days by eBay who believe that 2nd Monday of December is when maximum people indulge in online shopping.
- According to The New York Times "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."
- Cyber Monday sales have increased by $100 million each year since 2005.
- Retailers often offer the same deals on Cyber Monday as on Black Friday, the only difference is that Friday's brick-mortar shoppers become online shoppers on Monday.
- comScore reveals that maximum traffic for online sales comes from people at work. After a long weekend, and few days to go for next phase of holiday season, people prefer to continue holiday shopping from work. With so many tempting online deals, makes it even harder to be working on the Monday after Thanksgiving.
- Of course employers don't like their employees to be shopping while working, that's why last year in US about 22% employees were fired for using the Internet for non-work activities.
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