Cyber Monday expected to bring in $1.5 billion - DC News FOX 5 DC WTTG

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>>

  • Zoo feeds roadkill to animals

    Zoo feeds roadkill to animals

    Thursday, August 21 2014 9:07 AM EDT2014-08-21 13:07:23 GMT
    Roadkill is part of the menu when it's feeding time at a zoo in western New York. The Seneca Park Zoo has been feeding deer carcasses to its carnivores for years. The practice began after a zoo employee hit a deer on the way to work. The zoo gets the deer after they've been hit by vehicles on Rochester-area roadways. But it won't accept deer that have been dead for more than 10 hours. The zoo also accepts deer killed by bow hunters.
    Roadkill is part of the menu when it's feeding time at a zoo in western New York. The Seneca Park Zoo has been feeding deer carcasses to its carnivores for years. The practice began after a zoo employee hit a deer on the way to work. The zoo gets the deer after they've been hit by vehicles on Rochester-area roadways. But it won't accept deer that have been dead for more than 10 hours. The zoo also accepts deer killed by bow hunters.

  • Marijuana supplier named Pot Playboy gets 27 years

    Marijuana supplier named Pot Playboy gets 27 years

    Thursday, August 21 2014 6:27 AM EDT2014-08-21 10:27:58 GMT
    Prosecutors in New York say a Canadian drug kingpin who was one of New York's biggest marijuana suppliers has been sentenced to 27 years in prison for leading a $1 billion international drug trafficking...
    Prosecutors say a Canadian drug kingpin who was one of New York's biggest marijuana suppliers and was dubbed the Pot Playboy has been sentenced to 27 years in prison for leading a $1 billion international drug trafficking enterprise. Jimmy Cournoyer had ties to organized crime and drug cartels. Authorities say proceeds financed a lifestyle that included a supermodel girlfriend and a super-expensive car, the Bugatti Veyron.
  • Five Guys offers bacon milkshakes

    Five Guys offers bacon milkshakes

    Wednesday, August 20 2014 6:47 PM EDT2014-08-20 22:47:08 GMT
    Burger chain Five Guys is testing the adage that everything tastes better with bacon. It is rolling out a customizable milkshake program and along with bananas, peanut butter, Oreo cookies, salted caramel, you can chose bacon.  Yes that's right: a bacon milkshake.
    Burger chain Five Guys is testing the adage that everything tastes better with bacon. It is rolling out a customizable milkshake program and along with bananas, peanut butter, Oreo cookies, salted caramel, you can chose bacon.  Yes that's right: a bacon milkshake.
Powered by WorldNow
Untitled

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

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