With deals offered early, will shoppers buy on Cyber Monday?

November 29 10:05 2016

Sales from this Cyber Monday could hit at least $3.3 billion.

On the Cyber Week 2016 online sale, Macy’s is also offering its prime online shoppers to 20 percent instant discounts on all orders from November 27 to December 1st.

Bargains on TVs, toys and technology was enough temptation to draw in hoards of shoppers across the country on Black Friday. On the day after Thanksgiving, when retailers put on huge sales and Americans have traditionally flooded retail stores, shoppers this year spent more than $3 billion online.

Walmart has announced that its Cyber Monday 2016 will kick off tonight at 8:PM EST.

The Orlando Magic online team shop sold gear for 25 percent off of a purchase of $50 or more. Adobe’s forecast puts Cyber Monday neck-and-neck with Black Friday, when consumers spent $3.34 billion, up 21.6 percent from past year.

The National Retail Federation estimated that 122 million Americans plan to shop online on Cyber Monday, up from the 121 million to planned to participate a year ago.

This demand in e-commerce is even more obvious when online stores gets “an extraordinary amount of traffic”.

The holiday season is vital to retailers, which can make up to 40% of their annual sales during that time.

Store chains like Target, Walmart and Best Buy are in competition with Amazon. That number is an increase from 2015, when 121 million people hopped online to shop. In general, when you pay with a credit card, you have certain rights to dispute unauthorized charges that you may not have with a debit card or other form of payment. Cyber Monday shopping has increased every year since the non-holiday began, but online shopping on Black Friday simply increased more. “So of those are on your gift list, this is a great time to take advantage of that”, said Brent Shelton, an online shopping expert at Fatwallet.com. That is more than 3 percent growth seen a year ago. Thanksgiving saw $771 million in sales come from mobile phones. The hope is to cash in on people returning to work Monday with shopping still on their minds.

Cyber Monday deals are here

With deals offered early, will shoppers buy on Cyber Monday?
 
 
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