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| FILE - In this Monday, Nov. 26, 2012, file photo. packages are ready to ship move along a conveyor belt at the Amazon.com 1.2 million square foot fulfillment center, in Phoenix. (AP Photo/Ross D. Franklin, File) |
NEW YORK (AP) — It's the day of the online deal.
Millions of shoppers are expected to shop with the click of their fingers on Monday as retailers offer online deals on the first working day after the four-day Thanksgiving weekend.
Cyber Monday is expected to be the busiest online shopping day of the year. The National Retail Federation, a trade group, predicts more than 131 million people will shop online on Monday, up about 2 percent from last year.
And research firm comScore expects Cyber Monday expects sales of $2 billion, up from about $1.47 billion last year. Online sales account for about 10 percent of total holiday spending, which is expected to grow about 3.9 percent to $602.1 billion for the months of November and December.
"We're expecting to see strong gains as retailers roll out new promotions and make new products available on their websites," said Jay Henderson, strategy director for IBM. "Online commerce seems to really be driving this holiday season."