Saturday, December 4, 2010

Week 9 EOC: What is Cyber Monday?

Before we can talk about “Cyb-er Monday” we should first mention “Black Friday”. Black Friday is considered to by a lot people to another holiday, a holiday meant for shopping that is.“The Black Friday as we know it today (long lines of people outside stores at 5am or even midnight) didn't gain popularity until the end of the 20th Century. “(answers.com)(http://wiki.answers.com/Q/When_did_Black_Friday_start_in_the_US#ixzz18Q7SGakr). After Thanksgiving, most Americans, storm the stores in pursuit of incredibly low prices that are typically good for only that morning. For example big chains like Wall-mart will offer deals on big screens TVs and other electronics for sometimes up 50-75% off. The crazy thing is that customers will line up the night before or early that morning to try and take advantage of these first come first serve bargains. Comscore.com reported on last December (2009) “...spending for the holiday season from November 1 through Christmas Eve. During this period, approximately $27 Billion was spent online, which represents an increase of 5 percent over the same period a year ago.”(http://www.comscore.com/Press_Events/Press_Releases/2009/12/E-Commerce_Sales_Rise_by_5_Percent_to_Reach_27_Billion_for_the_2009_Holiday_Shopping_Season_through_Christmas_Eve).
This is pretty incredible for a holiday that was invented by the industry. But “Cyb-er Monday”, also known as “Black Monday” on the other hand is a pretty much the same thing but accomplished via the Internet. You would wonder why is it that after big shopping day like “Black Friday” would people still be shopping like that and especially online.“One theory suggests that people see items in the shopping malls over the weekend and wait until Monday to buy them online, where they can compare prices, avoid lines and/or take advantage of free shipping or other offers.”(answers.com)(http://www.answers.com/topic/cyber-monday). Or it might be some other reason.“Another theory states that people have faster Internet connections at work and, therefore, wait until then to make online purchases.”(answers.com)(http://www.answers.com/topic/cyber-monday). For what ever reason this day way to nuts and you find me out there. I’ll be home sleeping off my turkey hangover.