While Cyber Monday seems to be stretched over a months time with retailers such as Amazon and Wal-Mart rolling out deals since the beginning of November, there are still discounts to be had on this online bargain day.
Cyber Monday is expected to be the busiest online shopping day of the year. The National Retail Federation, predicts more than 131 million people will shop online on Monday, up about 129 million or 2 percent from last year.
A research firm comScore expects Cyber Monday sales of $2-billion (U.S.) which is up from about $1.47-billion in 2012. Online sales account for about 10 percent of total holiday spending, which is expected to grow about 3.9 percent to $602.1-billion for the months of November and December, according to The Globe and Mail.
“We’re expecting to see strong gains as retailers roll out new promotions and make new products available on their websites,” said Jay Henderson, strategy director for IBM. “Online commerce seems to really be driving this holiday season.”
Early results show online shopping was up 21.4 percent compared to the same time last year, according to figures by IBM Benchmark released at noon. Mobile traffic, which includes smartphones and tablets, accounted for 31 percent of all online traffic.
As almost always, Amazon is rolling out huge discounts for Cyber Monday. They have a huge $50 discount on the 7″ Kindle Fire tablets, along with offering a $199 touchscreen laptop. TVs are also priced at an all-time low with 60″ LCD TVs marked under $1,000.
Dell’s XPS 15 3rd-gen Core i7 1080p Laptop w/ 2GB GeForce GT 640M & Windows 7 is on sale for $799.99 with free shipping during the Cyber Monday blowout (normally $1,699.99 – use coupon code 6L53JJVJR1XDSD).
If you’ve been on the fence about getting a Nest Thermostat, today would be a good day to do so. Take advantage of Amazon’s Cyber Monday deal pricing the Nest at $249 which also includes a $40 Amazon.com Gift Card with Purchase of the Nest Learning Thermostat.
Spending over the Thanksgiving weekend is expected to have declined 2.9 percent, an NRF survey of 4,500 shoppers revealed.
Dana Telsey, chief executive of the consulting brokerage firm Telsey Advisory Group, told CNBC that the spending decline was in no small part due to retailers aggressively marketing deals before the Thanksgiving weekend had started.
“You had the promotions and advertising for it all starting way before last Thursday or Friday of Thanksgiving. Many of the deals started last Monday and Tuesday and I think just many of the consumers got washed out over the weekend.”
However, if you want better discounts, you may want to wait until February around Presidents’ Day, says Shop It To Me. Out of more than half a million online retailers’ sites, markdowns for Presidents’ Day 2012 averaged 48 percent compared to 42 percent over Thanksgiving weekend 2012.