'Cyber Monday' Joins Retail Calendar

Share this content:
The National Retail Federation's Shop.org online division has two words for that surge in e-commerce activity on the Monday after Thanksgiving: Cyber Monday.


Shop.org and its member retailers hope Cyber Monday will gain the same stature with consumers that Black Friday -- the day after Thanksgiving -- has in store-based retail.


"We'd like to position it as the official kickoff to the online holiday season, accompanied by special promotions and offers," said Scott Silverman, executive director of Shop.org, Washington.


Shop.org's christening comes soon after a study from interactive technology provider Atlas stamped Monday's importance for holiday e-commerce. That study expected Mondays to remain the top online shopping day for the holidays for the third straight year. Dec. 12 is likely to generate the most online sales this holiday season, Atlas said in its survey of 96 retailers.


Collaborative research from Shop.org bolstered the notion of Cyber Monday. The Shop.org/BizRate Research 2005 eHoliday Mood Study said 77 percent of the responding online retailers experienced a jump in e-commerce transactions last year on the Monday after Thanksgiving. This trend persuaded key retailers to run enticing promotions this year (see chart).


Thanksgiving Day typically has been off-limits for marketing overtures. But the following day is an established occasion for families to shop together for discounted items in stores nationwide. Black Friday, as the day is called, is when retailers are expected to go into the black, or show some profit.


The rhythm online differs, however.


Those Thanksgiving weekend consumers who haven't finished shopping in stores or have browsed online or offline then flock to faster Internet connections in offices on the following Monday. Transactions also are concluded at home after putting the children to bed on Monday night.


Cyber Monday shoppers can expect a raft of deal sweeteners this holiday season. The mood study found 43 percent of the online retailers plan to offer free shipping, gifts with purchase or percentage-off deals.


The same survey reported that 89 percent of retailers selling jewelry and luxury products online last year saw a substantial increase in Cyber Monday sales. Close behind were categories like consumer electronics, food and beverages, and furniture and home décor. Overall, 77 percent of the respondents last year registered a significant increase in Cyber Monday sales.


Meanwhile, 36 percent of the online retailers plan to offer special promotions and sales on Thanksgiving Day itself. The closure of most retail stores that day after noon will help. And they also bank on idle time being put to use once the parades are done and leftovers packed.


How this first official Cyber Monday and the increased Thanksgiving Day promotions work out will be gauged from results reported by retailers in the coming weeks. Retailers who wish to participate in the holiday mood study should visit the site at http://www.shop.org/eholiday05.


E-commerce has been the one bright spot for overall retail sales in the past several years. Fluctuations in consumer confidence this year are not expected to impede e-commerce's upward trajectory as it benefits from incremental and channel-cannibalized sales.


"I think there's reason to be more optimistic than we were six months ago when gasoline prices were very high," Silverman said. "I also think that we're now entering the second decade of e-commerce, and it's a competitive marketplace and retailers are reacting with aggressive promotions to get consumers excited about shopping online."


Mickey Alam Khan covers Internet marketing campaigns and e-commerce, agency news as well as circulation for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above