Cyber Monday has become so famous that it seems the term is in use for decades if not for centuries. In late November 2005, ComScore Networks, an e-commerce tracking firm, reported that online spending on Cyber Monday, excluding travel, was $486 million, a 26 percent increase from a year earlier. Total visits to shopping sites increased by 35 percent compared to a year earlier, according to Akamai Technologies.
In late 2005, after the holidays, ecommerce sites reported that the busiest shopping days usually were between December 5-15 in a given year.
For 2005, the year the term Cyber Monday was coined, the busiest online shopping day of the year in the U.S. was actually December 12, two weeks after "Cyber Monday". Shop.org's survey of its members found that their busiest day in 2005 was December 12. MasterCard's worldwide (not just U.S.) data for 2005 showed that the day with the highest amount of Web transactions processed was December 5. In November 2006, prior to the holidays, MasterCard reported that an online survey it had commissioned found that only 10 percent of Americans said they would shop on the Web on Cyber Monday. Cyber Monday online deals, UGG boots Cyber Monday and Zhu Zhu pets Cyber Monday. Cyber Monday deals are already attracting record number of shoppers to shopping malls and retailing giants. Most of the big retail outlets have announced hefty discounts to attract shoppers so the festival season’s shopping frenzy does not get lost.
The consumers are using the opportunity to the fullest. Flat screen television were the best deals on Black Friday and there are indications that electronic items are going to be the biggest attractions on Cyber Monday as well.
Of late Cyber Monday has come to be known as the busiest online shopping day. The deals attract people to shop online more than anytime of the year.
