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Monday, November 29, 2010

Cyber Monday

It is Monday and yeah a Cyber Monday for the people here in the States. And what is the cyber Monday all about? It is a marketing term for the Monday immediately following Black Friday, the Friday following Thanksgiving Day in the United States, created by companies to persuade people to shop online. The term made its debut on November 28, 2005 in a press release entitled "'Cyber Monday' Quickly Becoming One of the Biggest Online Shopping Days of the Year". According to the Research 2005 eHoliday Mood Study, "77 percent of online retailers said that their sales increased substantially last year on the Monday after Thanksgiving, a trend that is driving serious online discounts and promotions on Cyber Monday this year (2005)". In 2006, announced that it launched the portal, a one-stop shop for Cyber Monday deals. In 2009, comScore reported that consumers spent $887M online on Cyber Monday (excluding travel), the second highest spending day of 2009. Cyber Monday is also used as a marketing term in Canada, the United Kingdom, Portugal and Germany. In these countries, with the exception of Canada, Cyber Monday sales last for eight days, typically from the last Monday in November to the first Monday in December. The meaning is based on wikipedia.

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