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.
Wednesday, June 19 2013 6:12 AM EDT2013-06-19 10:12:52 GMT
A senior administration official says Gov. Andrew Cuomo and legislative leaders have struck a deal to authorize four upstate casinos and to allow votes on 10 separate women's rights bills including an abortion...
A senior administration official says Gov. Andrew Cuomo and legislative leaders have struck a deal to authorize four upstate casinos and to allow votes on 10 separate women's rights bills including an abortion proposal...
The body of one of three New Yorkers killed in an attack in Afghanistan is scheduled to arrive in his upstate hometown while the funeral of a second victim is being held in the Hudson Valley.
The body of one of three New Yorkers killed in an attack in Afghanistan has arrived in his upstate hometown as the funeral of a second victim was being held in the Hudson Valley.
Monday, June 17 2013 12:03 PM EDT2013-06-17 16:03:27 GMT
Authorities say they still haven't determined what caused six U.S. border agents to require decontamination and medical attention after inspecting a vehicle at a crossing in northern New York.
Authorities say they still haven't determined what caused six U.S. border agents to require decontamination and medical attention after inspecting a vehicle at a crossing in northern New York.
Sunday, June 16 2013 5:39 PM EDT2013-06-16 21:39:47 GMT
Senator Charles Schumer (D-NY) is asking New York colleges and universities to place tougher standards that would make it hard for students to abuse stimulants like Adderall. Schumer during a Sunday afternoon press conference said between 15 and 35 percent of college students frequently use Adderall to stay up to study. He said students shouldn’t be able to get amphetamine-based drugs like Adderall without a legitimate diagnosis and prescription.
Senator Charles Schumer (D-NY) is asking New York colleges and universities to place tougher standards that would make it hard for students to abuse stimulants like Adderall. Schumer during a Sunday afternoon press conference said between 15 and 35 percent of college students frequently use Adderall to stay up to study. He said students shouldn’t be able to get amphetamine-based drugs like Adderall without a legitimate diagnosis and prescription.
Saturday, June 15 2013 7:36 PM EDT2013-06-15 23:36:20 GMT
Former New York Governor Mario Cuomo was honored with a portrait that was unveiled inside the Hall of Governors in the state capital in Albany on Saturday. Current governor and son Andrew Cuomo was there as well. "A year ago we presented Governor Mario Cuomo with his official gubernatorial portrait.
Former New York Governor Mario Cuomo was honored with a portrait that was unveiled inside the Hall of Governors in the state capital in Albany on Saturday. Current governor and son Andrew Cuomo was there as well. "A year ago we presented Governor Mario Cuomo with his official gubernatorial portrait.
