LYCOS RETRIEVER 
Day After Thanksgiving: Cyber Monday
built 169 days ago
The day after Thanksgiving has long been known as the single busiest shopping day of the year for retailers. Online retailers decided to be a bit different. They're aiming for "Cyber Monday" (cue tympanis). As "Also Sprach Zarathustra" kicks in, online retailers are looking to build on the uptick they've seen in recent years for the Monday after Thanksgiving.
Source:
Last year, the Monday after Thanksgiving was the peak day for online transactions, according to VeriSign Payment Services, a unit of eBay Inc.’s PayPal that processes electronic payments for about 150,000 online merchants. About 77 percent of online retailers said their sales increased noticeably that day, according to a recent survey by e-commerce company Shopzilla Inc. and industry group Shop.org, part of the National Retail Federation, which is calling the day “Cyber Monday.â€
Source:
The term "Cyber Monday" was coined in 2004 when research revealed that more than three-quarters of online retailers reported a significant increase in sales the Monday after Thanksgiving. However, the significance of this day was called into question in 2006 when the Chase Paymentech Pulse Index tracked the highest number of online retail transactions on December 15, nearly three weeks after the expected peak of "Cyber Monday."
Source:
Recent figures released by Shop.org/BizRate showed 77% of online retailers said their sales increased substantially on the Monday after Thanksgiving. This trend is driving serious discounts and other promotions on Cyber Monday this year.
Source:
For the past few years, online retailers have found that sales on the Monday after Thanksgiving have been creeping higher, giving retailers an additional reason to be jolly during the ceremonial kickoff to the holiday season. According to the Shop.org/BizRate Research 2005 eHoliday Mood Study, 77 percent of online retailers said that their sales increased substantially last year on the Monday after Thanksgiving, a trend that is driving serious online discounts and promotions on Cyber Monday this year.
Source:
MORE ABOUT
Cyber Monday