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Everyone knows about Black Friday – the day after Thanksgiving in the US when stores offer amazing deals, many people start their holiday shopping, and retailers often get “into the black” for the year. Most of you also know about Cyber Monday. That’s today, and it looks like it might break some records.
Cyber Monday is the day after the long weekend, when those of us in the US get back to work. We point with pride to our reputation for productivity, but few of us can resist the call of high-speed Internet access at the office to goof off at least a little bit. On Cyber Monday, though, we productively focus our goofing off on online holiday shopping. Online retailers respond with a plethora of deals: free shipping, special prices, BOGOs, and the list goes on and on.
Cyber Monday has gotten bigger and bigger every year. This year might be the biggest yet, if the numbers Greg Sterling collected in his article for Search Engine Land can be believed. While the sample is really too small to tell, strong Black Fridays the last two years have led into strong Cyber Mondays. This year’s Black Friday broke some serious records.
Sterling drew his information from a number of reputable sources, including IBM, the National Retail Federation (NRF), comScore, Channel Advisor and Shoppertrak. Is the US economy weak right now? You wouldn’t know it from all the shopping going on. Retailers lured consumers in with “doorbuster” deals and earlier opening hours, and buyers responded in droves.
Here’s a point worth keeping in mind when tracking spending on this Black Friday and the ones we see in the future: it’s not just places of business that boast fast Internet access anymore. Many of us enjoy fast access in our homes. The number of quick home connectors keeps increasing every year, to the point where this year, observers saw a significant amount of online shopping going on throughout the weekend.
Online consumers rose early, but perhaps not as early as their brick-and-mortar shopping counterparts getting in line for the best deals. IBM noted that they were most active on Black Friday between 6 AM and 2 PM, according to Sterling. That’s even before some of the really aggressive Cyber Monday deals that kick in today. All told, according to Sterling, holiday shopping sales today are expected to total more than $1 billion.
Is there a good reason for this optimism? According to the Wall Street Journal , Black Friday sales this year were more than six percent higher than the same day in 2010. That’s quite impressive, considering 2010′s Black Friday sales showed a gain of 0.3 percent of 2009, which the newspaper characterized as “anemic.” Figures used came from ShopperTrak, a retail data firm that collects its information by measuring traffic from equipment installed in stores.
There’s even more cause for optimism if you look at figures for the entire four-day weekend. The National Retail Federation, which ran a survey on close to four thousand people, reported that sales rose more than 16 percent for this period.
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Article source: http://www.seochat.com/c/a/Search-Engine-Optimization-Help/Cyber-Monday-May-Break-Records/
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