After a busy holiday weekend in shopping malls due to the Thanksgiving Day and Black Friday, millions of Americans who have craze for more shopping or those looking for some more interesting deals will now log on or visit stores for shopping on Cyber Monday.
The ‘Monday’ coming just after Thanksgiving and Black Friday is dubbed the Cyber Monday.
Cyber Monday is considered to be the biggest online shopping day of the year since the year 2010. According to some estimates, the day could take on additional importance following a Thanksgiving weekend that witnessed a fewer shoppers and reduced spending than 2013.
In a bid to raise their earnings and spur the customers to spend, the retailers have come up with attractive deals around the month, particularly the past week.
Research firm comScore has estimated the Americans to spend about USD 2.5 billion on Cyber Monday.
According to PayPal, its global mobile payment volume surged 47 percent on Thanksgiving Day in comparison to last year.
Retailer Wal-Mart said it had over 500 million page views on Thanksgiving day, while eBay said it sold 2,000 iPad Air 2 tablets for USD 399 at a rate of one a second. The company has doubled its deals for the Cyber Week to 500 as compared to 2013, including up to 50 percent off on some TV sets, tablets and toys along with free-shipping offers.
E-commerce giant Amazon has offered special deals since November 21, with attractive discounts in about every 10 minutes for eight straight days. The exciting deals include up to 45 percent off on Samsung TVs models and 28 percent off on Beats by Dre headphones, selling for USD 275.
Toys R Us is providing online deals for 11 days, beginning Wednesday before Thanksgiving. It is also offering free-shipping. The deals for Cyber week include USD 15 off Disney “Frozen” Princess dolls that are regularly USD 50 and USD 20 off a Teenage Mutant Ninja Turtles Battroborg Electronic Battle Game that is generally USD 80.
Research firm comScore projects online sales to increase 16 percent to USD 61 billion during the November and December shopping season, a rise of 16 percent from last year.