Cyber Monday is all about online retailers and their attempts to lure shoppers to their sites by offering incredible sales on some items in the hope that shoppers will end up spending more while they are there.
However, despite the rise in online shopping, it seems that the slowdown in physical store sales hasn't been as severe as expected. The 24-year-old is visiting Denver from Saudi Arabia and is shopping for her birthday, which was on Thanksgiving Day.
With foot traffic down 1.6 percent at brick and mortar stores on Thanksgiving and Black Friday, online sales peaked. The BLS found in a report past year that overall the retail trade industry has increased by 21 percent since 1990.
According to online data specialist PCA Predict, UK online sales were up 3% between 11am and 5pm this Cyber Monday compared to a year ago.More news: South Africa wins Miss Universe 2017
Cyber Monday dates back to 2005 when it was first used as a promotion for Shop.org.
Experts believe both days totals will fall once the weekend comes to an end and the public charges head-on into the brick and mortar Christmas shopping season. If the sector can turn things around during the busy holiday shopping season, it could develop into one of 2018's most unexpected comeback plays...
The growing online shopping trend has forced the toy chain Toys R Us and apparel retailers True Religion, The Limited, Rue21 and Payless Shoe Source to file for bankruptcy in 2017. "I mean, sitting online is fine, but there's just something about starting the holiday season with Black Friday". The Mall of America in Minnesota says that 2,500 people were in line at the 5 a.m. opening Friday, in line with a year ago.
"Customers today want to go to a store-the sights, the smells, the sounds", CEO Jeff Gennette said in an interview last Friday. Until the user centricity of some retail sites is addressed and improved, the desktop will still have a lead in terms of online buying.
"I don't find anything good anymore at Sears", said Charles, a nurse with four children.