The first work day after Thanksgiving has become known as Cyber Monday, (the online equivalent of Black Friday) and online retailers are ready. This year they’ll offer one day sales and special offers to rival the ones traditionally found in stores. Last year Cyber Monday web sales reached $608 million. With the price of gas skyrocketing and more and more people turning to the convenience of online shopping, retailers hope to break that mark this holiday season. According to a survey of 116 online merchants, 72% plan to offer Cyber Monday specials. For example. Timberland Co. will offer a discount code good for $25 off and free shipping, and Ebags.com will offer a 20% rebate on all purchases made via Paypal.
Read [Wall Street Journal]