Buying from home comprised the majority of the remaining share (41.6 percent) while buying from international locations accounted for 5.8 percent.
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In 2009, comScore reported that online spending increased 5 percent on Cyber Monday to $887 million and that more than half of dollars spent online at US Web sites originated from work computers (52.7 percent), representing a gain of 2.3 percentage points from last year. In 2006, comScore reported that online spending on Cyber Monday jumped 25% to $608 million, 21% to $733 million in 2007, and 15% to $846 million in 2008. The idea for having such a holiday was created by Tony Valado, in 2003 while working at, and coined "White Wednesday" to be the day before Thanksgiving for online retailers. In late November 2005, The New York Times reported: "The name Cyber Monday grew out of the observation that millions of otherwise productive working Americans, fresh off a Thanksgiving weekend of window shopping, were returning to high-speed Internet connections at work Monday and buying what they liked." At the time, a lot of people had slow Internet at home. Retailers also noted the most significant shopping period was December 5 through 15 of the previous year.
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According to Scott Silverman, the head of, 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). The term "Cyber Monday" was coined by Ellen Davis, and was first used within the ecommerce community during the 2005 holiday season. history with a total of $10.7 billion in online spending. The Cyber Monday on Novemwas the biggest online shopping day in U.S. However, the average order value was $128, down slightly from 2014's $160. In 2017, Cyber Monday online sales grew to a record of $6.59 billion, compared with $2.98 billion in 2015, and $2.65 billion in 2014. Since its inception, it has become an international marketing term used by online retailers across the world.Īccording to the / Bizrate Research 2005 eHoliday Mood Study, "77 percent of online retailers said that their sales increased substantially on the Monday after Thanksgiving, a trend that is driving serious online discounts and promotions on Cyber Monday this year (2005)".
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Cyber Monday takes place the Monday after Thanksgiving the date falls between November 26 and December 2, depending on the year.Ĭyber Monday has become the online equivalent to Black Friday and offers a way for smaller retail websites to compete with larger chains. The term was coined by Ellen Davis of the National Retail Federation and Scott Silverman, and made its debut on November 28, 2005, in a press release entitled "'Cyber Monday' Quickly Becoming One of the Biggest Online Shopping Days of the Year". It was created by retailers to encourage people to shop online. Thanksgiving, Black Friday, Small Business Saturday, and Giving TuesdayĬyber Monday is a marketing term for e-commerce transactions on the Monday after Thanksgiving in the United States. Australia, New Zealand, United States, Croatia, Canada, United Kingdom, Italy, Mexico, Iceland, Brazil, Bulgaria, Romania, South Africa, South Korea, Portugal, Uganda, Germany, Egypt, Netherlands, Finland, Chile, Colombia, Peru, Japan, Argentina, Israel, Ireland and Russia