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The term "Cyber Monday" was coined by Ellen Davis, [6] [7] and was first used within the ecommerce community during the 2005 holiday season. [8] According to Scott Silverman, the head of Shop.org, the term was coined based on 2004 research showing "one of the biggest online shopping days of the year" was the Monday after Thanksgiving (12th-biggest day historically). [9]
In 2013, Cyber Monday online sales grew by 18% over the previous year, hitting a record $1.73 billion, with an average order value of $128. [146] In 2014, Cyber Monday was the busiest day of the year with sales exceeding $2 billion in desktop online spending, up 17% from the previous year.
In 2019, 93.2 million buyers made purchases online during Black Friday, amassing 7.4 billion dollars in revenue and surpassing Cyber Monday (83.3 million) in total online buyers There was a 19 percent increase compared to the year before. Also, with the ongoing COVID-19 pandemic, there was a 50% reduction in people that went in-store shopping ...
Last year, almost 50% of shoppers took advantage of pre-Thanksgiving holiday sales according to the National Retailer Federation (fun fact: the NRF coined the term ‘Cyber Monday’ in 2005). And ...
In recent years, the distinction between Black Friday and Cyber Monday deals has become less clear, as many retailers offer online savings throughout the entire Thanksgiving weekend. Some ...
In parts of Canada, the term "Civic Holiday" is a generic name referring to the annual holiday on the first Monday of August. However, this definition is far from uniform nationwide as Quebec, Newfoundland, and Yukon do not recognize it at all (in the Yukon, a civic holiday is celebrated instead on the third Monday of August as Discovery Day ).
There was also a significant increase in the number of shoppers the Saturday after Thanksgiving, as 64.4 million Americans shopped in person.Cyber Monday garnered about 77 million shoppers in 2022 ...
First observed in the United States on November 27, 2010, Small Business Saturday is a counterpart to Black Friday and Cyber Monday, which feature big box retail and e-commerce stores respectively. By contrast, Small Business Saturday encourages holiday shoppers to patronize brick and mortar businesses that are small and local.