Cyber Monday takes place each year on the Monday after Thanksgiving in the United States. E-commerce marketing term. This year’s Cyber Monday 2022 will be celebrated on his November 28th, during which shoppers can expect lots of deals across the United States. The day was created by retailers to encourage people to shop online. After the shopping event “Black Friday” is Cyber Monday, so you can get various deals. Black Friday 2022 Dates: Learn the history and significance of the day that marks the beginning of the shopping season in the United States.
Cyber Monday history
The term “Cyber Monday” was coined by Ellen Davis and Scott Silverman of the National Retail Federation. The term was first used in the e-commerce community during the 2005 holiday season. The term debuted on November 28, 2005 in a Shop.org press release, “Cyber Monday has quickly become one of the biggest online shopping days of the year.” Cyber Monday is held on the Monday after Thanksgiving, which falls between November 26th and December 2nd, depending on the year.
According to Scott Silverman, head of Shop.org, the term was coined based on a 2004 study that said one of the biggest online shopping days of the year is the Monday after Thanksgiving. is shown. According to the retailer, the most important shopping period he had last year was December 5-15.
Significance of Cyber Monday
Cyber Monday is a big deal in the US as it has become the online equivalent of Black Friday. It provides a way for small retail websites to compete with large chains. Cyber Monday originated in the United States and is now happening in other countries as well. Since its inception, Cyber Monday has become a marketing term used by online retailers around the world. The day offers a convenient and hassle-free way for consumers to shop and get great deals.
Cyber Monday online sales rose to a record $6.59 billion in 2017, compared with $2.98 billion in 2015 and $2.65 billion in 2014, according to records. However, the average order value was $128, down slightly from $160 in 2014. Cyber Monday, November 30, 2020, was the largest online shopping day in US history, with online spending totaling $10.7 billion.
(The above article was first published on LatestLY on November 24, 2022 at 12:25 PM (IST).For news and updates on politics, world, sports, entertainment and lifestyle, please visit our website Please log on to the site latestly.com).
