YOUR

DAILYLUXE

 
CONNECT WITH US

U.S. Retailers Hope that Cyber Monday Will Make Up for Lackluster Black Friday

Posted: Dec. 2nd, 2013  |  By DailyLuxe News

After disappointing sales on Thanksgiving weekend, U.S. retailers are crossing their fingers that consumers will show up to buy online on Cyber Monday, NBC News reports.

The National Retail Federation (NRF) predicts that over 131 million Americans will shop online on Cyber Monday this year, a small bump from 129 million in 2012.

However, the NRF also reports that, when the final numbers come in, spending over Thanksgiving weekend is expected to decline by 2.9%. Industry experts blame Black Friday's shopping mania no longer being confined to just one day, as it is spread out over Thanksgiving week, with some retailers starting sales as early as the Monday before Thanksgiving.

While retailers may be disappointed with last weekend’s numbers, the package delivery industry is elated: FedEx estimates they will shop 22 million packages worldwide on Cyber Monday.

….Black Friday is the latest American export to influence shoppers on the other side of the Atlantic too, analysts have noted. Global research group Experian expects visits to U.K. retail websites to reach 113 million on Cyber Monday too.

Read More on nbcnews.com
Comments: