Black Friday is the name given to the Friday that immediately follows Thanksgiving Day in the US. It marks the start of the busy holiday shopping season, and is said to be the day that most consumers will start their Christmas shopping. Although the word “black” might give a feeling of negativity, in the retail world it refers to when a business begins to show a profit. Because many shops see a huge surge in business around this time of the year, it refers to the time when there books move out of the “red” into the “black.”
Cyber Monday is the online version of Black Friday. This is the unofficial start of the holiday shopping season online, and just mortar and brick retailers do on like Black Friday, online retailers offer many money-saving promotions and discounts on Cyber Monday to compete with the Black Friday savings at local shopping malls. Because shipping is sometimes an issue with online shopping, a large number of online retails also give free shipping along with the greatly discounted goods. Cyber Monday begins on the Monday following Thanksgiving, so therefore it falls three days after Black Friday.
In recent years, the term “Black” Friday has become more fitting as every year there are many incidents of violence and accidents occurring in shopper malls. Walmart seems to be the store that is most commonly involved, as shoppers riot to get their hands on the best Black Friday deals. In 2008, a Black Friday Walmart stampede left one person dead and a pregnant woman ended up in hospital. Aransas turned into what appeared to be a screaming herd of uncontrollable wild animals over some waffle makers that were on sale at $2 apiece. For this reason, and others, it is hardly surprising many shoppers are choosing to forego the Black Friday sales and are instead waiting until Cyber Monday to do their Christmas shopping in a peaceful and dignified manner.
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Cyber Monday 2011 Statistics
Cyber Monday 2011 saw retail sales go up a whopping 22% over Cyber Monday in 2010. It is estimated that retail sales online reached a whopping $1.2 billion. As usual, the most popular items were tech gadgets with the iPhone, iPad and Android devices being the most sought-after. A survey conducted by the National retail Federation found that almost 10,000,000 American shoppers would purchase something online on the day of Cyber Monday 2011. Around half of them of them said they would shop from work during their lunch hour, and in the event that this would not be possible they planned to start their shopping immediately when they finished work. Continue reading “Cyber Monday Deals 2011 – What You Could Experience Last Year” »