Mouse clicks replace shoppers' stampede
(11/26/07) NORWALK ? The post-Thanksgiving shopping spotlight used to belong to Black Friday, but Cyber-Monday appears to be moving in.
The Monday after Thanksgiving has become a day for shoppers to pick up holiday gifts online. Part of the growing popularity can be attributed to rising gas prices and shoppers who wish to avoid large crowds. However, retailers are also feeding the shopping frenzy by offering online deals and savings.
Experts say just two years ago, 40 percent of online retailers offered Cyber Monday Deals. This year, that number is up to 72 percent.
Despite the perceived holiday Internet rush, analysts aren?t exactly jumping on the bandwagon. Experts say Cyber Monday should bring in about $700 million in sales. That?s not even 2 percent of the $30 billion in online purchases expected this holiday season.