Monday, November 29, 2010

Cyber Monday, I love It (sarcasm) another coined term that should help $$ transfer from your pocket.

By Jon Lentz

NEW YORK, Nov 29 (Reuters) -The term Cyber Monday was coined five years ago for the day many people return to work after U.S. Thanksgiving Day and make online gift purchases on their computers.

More recently, retailers have been increasingly offering online deals on Thanksgiving itself and through the holiday weekend, as consumers regularly shop on the Internet.

This year, online spending on last Thursday's Thanksgiving Day rose 28 percent from a year ago to $407 million, according to analytics firm comScore. ComScore has forecast overall online sales for the holiday season, when most shopping is done between Thanksgiving and Christmas on Dec. 25, to rise 11 percent to $32.4 billion.