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Username: PrettyWoman

Rating:
Guru Stars

Asked to: Talitha Taslim

Date Created: 27 Nov 2018
Category 28
Tag Financial
Question What is 'Cyber Monday'?
Advice from Guru
Hello PrettyWoman,

Cyber Monday, also known as "Black Monday," is an e-commerce term, referring to the Monday following the U.S. Thanksgiving weekend. As brick and mortar stores do with Black Friday, online retailers will usually offer special promotions, discounts, and sales on this day; traditional retailers will offer exclusive, "website only" deals. It's known as the unofficial start of the online holiday shopping season.

While Black Friday remains the biggest shopping day of the year overall, Cyber Monday is the biggest online shopping day. E-tailers often herald their promotions and sales prior to the actual day to compete against the Black Friday offerings at brick-and-mortar stores. For example, some retailer's Cyber Monday deals are available at 12:01 A.M. on Thanksgiving Day. As a result, in terms of overall sales figures, Cyber Monday is quickly catching up to Black Friday.

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