Reports listed in a Venture Beat article this morning state that Cyber Monday is set to kick Black Friday’s butt in overall sales.
This year, the two made-up shopping holiday’s book-ending the US Thanksgiving weekend will once again likely post dramatically different numbers. Cyber Monday sales are estimated to hit 1.2 billion, with 122 million Americans expected to participate in the online shopping extravaganza. While Black Friday sales were up 26 per cent from last year, they still fell short of the billion mark. Shucks.
The mania continued this year as news reports of pepper spraying moms, and dads and kids coming to fist-a-cuffs over Xboxes, hit the airwaves. In spite of that, the shopping holiday raked in $816 million in sales. But, thanks to e- and m-commerce, Cyber Monday is still expected to be the reigning champion.
The physical experience of “shopping” continues to morph into an entirely different beast as the amount of consumers using their smartphones to shop is expected to double, according to a recent survey by BigResearch.
Cyber Monday’s rising popularity is, of course, directly correlated to the increase in e-commerce and mobile shopping in general. Andrew Lipsman from ComScore points out that Cyber Monday was just the 12th-biggest online shopping day back in 2006, but it steadily rose throughout the years, reaching the No. 1 spot for the first time last year.
It was shop.org that dubbed the Monday online shopping extravaganza with the moniker “Cyber Monday” back in 2005. They used the term to identify the noticeable rise in online shopping sales the Monday after US Thanksgiving when it was suspected that consumers followed up with purchases they didn’t make over the weekend.
This isn’t actually that peculiar once you consider just how dramatically Cyber Monday’s mobile shopping has exploded in recent years. In fact, 3.6 million consumers used their phones to shop for deals in 2009, a number which is expected to triple to 17.8 million for 2011 and is double last year’s figures (7.3 million).
Do you have a Cyber Monday wish list? if so, will you be purchasing any or all of your must-haves via your mobile smartphone? Let us know on Twitter, @plasticmobile.