Cyber Monday expected to bring in $1.5 billion - Dallas News | myFOXdfw.com

Cyber Monday expected to bring in $1.5 billion

Posted: Updated:

Retail experts expect Cyber Monday to be the biggest online shopping day for the third year in a row.

According to research firm comScore, Americans are expected to spend $1.5 billion, up 20 percent from last year on Cyber Monday, as retailers have ramped up deals to get shoppers to click on their websites.

Cyber Monday is a marketing term created in 2005 by the shopping trade group The National Retail Federation, who noticed a rise in online sales on the Monday following the Thanksgiving holiday.

Retailers count on Cyber Monday to jump-start the holiday shopping season.

Amazon.com, which is starting its Cyber Monday deals at midnight on Monday, is offering as much as 60 percent off a Panasonic VIERA 55-inch (140-centimeter) TV that's usually priced higher than $1,000. Sears is offering $430 off a Maytag washer and dryer, each on sale for $399. And Kmart is offering 75 percent off diamond earrings and $60 off a 12-in-1 multigame table on sale for $89.99.

Financial experts believe how well retailers do on Cyber Monday will offer insight into the country's evolving shopping habits during the holiday season. The growth in high speed Internet access and the wide use of smartphones and tablet computers are the reason why customers are relying less on their work computers to shop than they did when Shop.org, the digital division of trade group The National Retail Federation, coined the term "Cyber Monday."

This has caused the period between Thanksgiving and Cyber Monday to become busy for online shoppers.

  • New York State NewsNew York State NewsMore>>

  • Workers trapped in trench collapse

    Workers trapped in trench collapse

    Thursday, July 31 2014 1:19 PM EDT2014-07-31 17:19:38 GMT
    Two construction workers were rescued from a collapsed trench outside a home in Rye, N.Y. on Thursday.  Firefighters from across Westchester County responded to the scene at 15 Bradford Ave. at about noon.
    Two construction workers were rescued from a collapsed trench outside a home in Rye, N.Y. on Thursday.  Firefighters from across Westchester County responded to the scene at 15 Bradford Ave. at about noon.
  • Woman plunges to death over cliff in Catskills

    Woman plunges to death over cliff in Catskills

    Thursday, July 31 2014 12:57 PM EDT2014-07-31 16:57:07 GMT
    New York State NewsNew York State News
    Authorities say a 23-year-old woman trying to take a picture by the edge of a cliff in the Catskill Mountains died after falling more than 150 feet.
    Authorities say a 23-year-old woman trying to take a picture by the edge of a cliff in the Catskill Mountains died after falling more than 150 feet.
  • Huge graduation party busted

    Huge graduation party busted

    Thursday, July 31 2014 8:07 AM EDT2014-07-31 12:07:02 GMT
    New York State NewsNew York State News
    Authorities have arrested a 23-year-old central New York man who hosted a graduation party that got so big and rowdy that authorities called in a helicopter to help break it up. Gregory York was arrested Tuesday night and arraigned in Town of Manlius Court on criminal trespass charges. He's being held on $2,500 cash bail after his mother decided to press charges.
    Authorities have arrested a 23-year-old central New York man who hosted a graduation party that got so big and rowdy that authorities called in a helicopter to help break it up. Gregory York was arrested Tuesday night and arraigned in Town of Manlius Court on criminal trespass charges. He's being held on $2,500 cash bail after his mother decided to press charges.

Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices