Thousands of Americans braved the shopping malls this past Friday in an attempt to snag the best sales of the year.
For those of us who either stayed at home and slept in, or decided to avoid the masses, there is still an opportunity to celebrate the upcoming holiday season with great sales with Cyber Monday. But, do you know where the terms “Black Friday” and “Cyber Monday” came from? Do you know how truly profitable these “designated shopping days” are? Read on to find out!
- In years past, many major retailers have not seen a profit until the day after Thanksgiving. Up until this date, many stores are “in the red” which is an accounting term for being unprofitable… this all changes on, you guessed it, Black Friday when companies suddenly start showing a profit!
- In 2012, the number of consumers who shopped from their office was nearly identical to those who shopped from home, 47.2% and 47.1%, respectively.
- On that note, 7% of US employers say they have terminated an employee due to shopping from work on this day.
- Cyber Monday was born on November 28, 2005 after major retailers saw huge spikes in online shopping the Monday after Thanksgiving.
- Shop.org, a national retail foundation coined this term.
- $1.465 billion dollars changed virtual hands in 2012 on Cyber Monday.
- Amazon.com has been king in recent years, crushing its competition in the online shopping arena for Cyber Monday.
- There will only be 23 shopping days until Christmas on Cyber Monday 2013. This is a relatively short holiday season, so get your credit cards out!
- Biggest fact of all for Cyber Monday: you can save 35% off of your entire order at Shades, Shutters, and Blinds during our Cyber Monday sale using the promo code “CYBER35″!
Let’s dish. Where do you shop from on Cyber Monday? What will you be buying this year?