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>>

  • Suffolk County jail warden is highest-paid muni worker in NY

    Suffolk County jail warden is highest-paid muni worker in NY

    Thursday, July 24 2014 6:48 PM EDT2014-07-24 22:48:14 GMT
    New York State NewsNew York State News
    The Empire Center for Public Policy reports 1,803 local government employees outside of New York City have been paid more than Gov. Andrew Cuomo's $179,000 salary in the past year. The report from the fiscally conservative group for the year ending March 31 shows 47 of the 50 highest-paid municipal employees working for police departments or sheriff's offices and each taking home more than $250,000.
    The Empire Center for Public Policy reports 1,803 local government employees outside of New York City have been paid more than Gov. Andrew Cuomo's $179,000 salary in the past year. The report from the fiscally conservative group for the year ending March 31 shows 47 of the 50 highest-paid municipal employees working for police departments or sheriff's offices and each taking home more than $250,000.
  • Police officer rescues toddler from Erie Canal

    Police officer rescues toddler from Erie Canal

    Thursday, July 24 2014 12:43 PM EDT2014-07-24 16:43:41 GMT
    New York State NewsNew York State News
    A police officer is being credited with rescuing a 3-year-old boy from the Erie Canal in central New York. Police in the Seneca County village of Waterloo tell local media that they were called to a home Wednesday afternoon by a neighbor who noticed the 3-year-old and his 4-year-old brother unattended in her backyard. When officers arrived, the boys' father had caught up with his 4-year-old son but the younger boy was nowhere to be seen.
    A police officer is being credited with rescuing a 3-year-old boy from the Erie Canal in central New York. Police in the Seneca County village of Waterloo tell local media that they were called to a home Wednesday afternoon by a neighbor who noticed the 3-year-old and his 4-year-old brother unattended in her backyard. When officers arrived, the boys' father had caught up with his 4-year-old son but the younger boy was nowhere to be seen.
  • Ailing firefighter gets 340 T-shirts from comrades

    Ailing firefighter gets 340 T-shirts from comrades

    A Buffalo-area volunteer firefighter battling leukemia won't have to buy T-shirts any time soon.
    A Buffalo-area volunteer firefighter battling leukemia won't have to buy T-shirts any time soon.
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