Cyber Monday, Holiday Shopping | featured news

Black Friday is a distant memory. Small Business Saturday is long gone. Now, it's Cyber Monday's turn. Cyber Monday, coined in 2005 by a shopping trade group that noticed a spike in online sales on the Monday after Thanksgiving when people returned to their work computers, is the next in a line of days that stores are counting on to jumpstart the holiday shopping season.

Groupon Inc sold more than 650,000 holiday deals between Black Friday and Cyber Monday, an increase of 500 percent compared with last year, Chief Executive Officer Andrew Mason said in a blog post on Wednesday.

Online shoppers spent record amounts on the Monday after the Thanksgiving holiday weekend, making it the biggest online shopping day in history.

After years of being more hype than highlight, Cyber Monday appears on its way to its biggest outing ever. Last year, the Monday after Thanksgiving saw an estimated $1 billion spent online in the United States, making it the biggest e-sales day ever. And analysts said Monday that this year's "holiday" -- the online answer to the annual Black Friday bargain rush on stores -- is on pace to be bigger still.

Shoppers seem to be just as enthusiastic about shopping on their computers and smartphones on Cyber Monday as they were about finding deals over the weekend. Online sales on Cyber Monday, which was started in 2005 by a retail trade group to encourage Americans to shop online on the Monday after Thanksgiving, were up mid-afternoon by 15 percent from a year ago, according to data from IBM Benchmark. Meanwhile, sales from mobile devices were up 7.4 percent. The group did not give dollar amounts.

Federal authorities have shut down 150 websites accused of selling knock-off or pirated merchandise to unsuspecting online bargain hunters. Immigration and Customs Enforcement Director John Morton and Assistant Attorney General Lanny A. Breuer announced the results of the ICE and FBI three-month investigation on "Cyber Monday," the day that for many shoppers kicks off the online holiday shopping season.

Americans jumped on deals and promotions offered online on Cyber Monday, spending $1 billion and making it the busiest online shopping day ever, according to new data.

Online retailers experienced a sales surge Monday, capping off a holiday shopping week in which more Americans than ever decided to skip the mall. Early estimates indicated overall sales gains of between 15% and 21% for "Cyber Monday," compared to a year earlier.

We heard strong reports for online traffic Black Friday and Cyber Monday, but today, comScore added definitive spending numbers that indicate tha

Retail Web sites kept amping up the deals Monday, the first day after Thanksgiving weekend's strong online sales, to try to maintain the momentum.