Cyber Monday expected to beat record


Bloomberg BusinessWeek: Shoppers are using computers and mobile devices to purchase holiday gifts on Cyber Monday, pushing sales up 20 percent.

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Bloomberg BusinessWeek: Shoppers are using computers and mobile devices to purchase holiday gifts on Cyber Monday, pushing sales up 20 percent.

Bye-bye Black Friday. So long Small Business Saturday. Now, it’s Cyber Monday’s turn.

Cyber Monday, coined in 2005 by a shopping trade group that noticed online sales spiked on the Monday following Thanksgiving, is the next in a series of days that stores are counting on to jumpstart the holiday shopping season.

It’s estimated that this year’s Cyber Monday will be the biggest online shopping day of the year 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 their deals to get shoppers to click on their websites.

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