Cyber Monday expected to bring in $1.5 billion - Los Angeles News | FOX 11 LA KTTV

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>>

  • RV offers legal help outside NY, NJ family courts

    RV offers legal help outside NY, NJ family courts

    Thursday, August 28 2014 11:09 AM EDT2014-08-28 15:09:22 GMT
    A new assistance program in New York and New Jersey seeks to help parents settle child support battles.
    A new assistance program in New York and New Jersey seeks to help parents settle child support battles.
  • Hurricane Cristobal to move toward north Atlantic

    Hurricane Cristobal to move toward north Atlantic

    Thursday, August 28 2014 7:11 AM EDT2014-08-28 11:11:47 GMT
    Hurricane Cristobal is expected to move rapidly toward the north Atlantic, staying away from Bermuda and passing south of Nova Scotia. The hurricane's maximum sustained winds early Thursday are near 75 mph (120 kph) with no significant change in strength forecast over the next two days. The U.S. National Hurricane Center says Cristobal is centered about 285 miles (460 kilometers) northwest of Bermuda and is moving northeast near 29 mph (46 kph).
    Hurricane Cristobal is expected to move rapidly toward the north Atlantic, staying away from Bermuda and passing south of Nova Scotia. The hurricane's maximum sustained winds early Thursday are near 75 mph (120 kph) with no significant change in strength forecast over the next two days. The U.S. National Hurricane Center says Cristobal is centered about 285 miles (460 kilometers) northwest of Bermuda and is moving northeast near 29 mph (46 kph).
  • Metro-North safety practices faulted

    Metro-North safety practices faulted

    Wednesday, August 27 2014 6:07 PM EDT2014-08-27 22:07:45 GMT
    The Metro-North Railroad has sacrificed safety for on-time performance, according to a report released Wednesday by a Metropolitan Transportation Authority panel. The report echoes an assessment conducted this year by the Federal Railroad Administration, which investigated after a string of Metro-North accidents including a December 2013 derailment that killed four riders in the Bronx.
    The Metro-North Railroad has sacrificed safety for on-time performance, according to a report released Wednesday by a Metropolitan Transportation Authority panel. The report echoes an assessment conducted this year by the Federal Railroad Administration, which investigated after a string of Metro-North accidents including a December 2013 derailment that killed four riders in the Bronx.
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

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