Cyber Monday Origins
Cyber Monday is a marketing term for the Monday after the Thanksgiving holiday in the United States.
The term Cyber Monday was created by marketing companies to persuade people to shop online.
The term was coined by Ellen Davis and made its debut on November 28, 2005 in a Shop press release entitled Cyber Monday Quickly Becoming One of the Biggest Online Shopping Days of the Year.
According to the Shop / Bizrate Research 2005 e-Holiday 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.
In 2014, Cyber Monday online sales grew to a record $2.68 billion, compared with last year’s $2.29 billion.
However, the average order value was $124, down slightly from 2013’s $128.
The deals on Cyber Monday are online-only and generally offered by smaller retailers that cannot compete with the big retailers.
Black Friday generally offers better deals on technology, with nearly 85% more data storage deals than Cyber Monday.
The past Black Fridays saw far more deals for small appliances, cutlery, and kitchen gadgets on average than Cyber Monday.
Cyber Monday is larger for fashion retail.
On the past two Cyber Mondays, there were an average of 45% more clothing deals than on Black Friday.
There were also 50% more shoe deals on Cyber Monday than on Black Friday.
Cyber Monday has become an international marketing term used by online retailers across the world.