Get your credit cards prepared as Cyber Monday offers tons of incredible online deals on a variety of products, including electronics and those big-ticket items you’ve postponed buying until now. Cyber Monday sales always mean the biggest discounts of the year. But before you start shopping, make sure you check out these stores that are offering the steepest savings this year.
Amazon begins a week of deals with across-the-board sale that includes practically every type of product imaginable, from books and toys to home appliances. This online retailer also offers savings on a variety of Amazon products, including the Echo ($139.99) and Fire HD8 tablet ($59.99).
Check out Target for its great Cyber Monday deals on TVs, electronics and toys. You will also be please to get up to 40% off home items, as well as 30% off rec room games. In addition there is an extra 15% off all online purchases.
At Best Buy you will find great deals on HDTVs, select laptops, video games, Bose headphones and speakers, DVDs and more.
JC Penney’s featured deals include 20% off select apparel, shoes, accessories, fine jewelry and home products. Plus customers can save extra 30% off on their online order of over $100 if they use code BIGDEALS (11/27 – 11/28).
Macy’s Cyber Monday offers are hard to ignore. The retailer provides big savings across departments, such as 65% off select men’s jackets, 60% off select women’s footwear, 60% – 70% off select pillows, 30% plus an extra 20% off KitchenAid mixers, and an extra 20% off select sale and clearance clothing items.
On Monday consultancy Deloitte reported that consumers plan to spend $205 which constitutes 51% of an average Thanksgiving weekend shopping budget of $400 online. In-store purchases ($185) account for 46% and the other 3% ($10) for catalog shopping. As many as three-quarters of Americans are going to make purchases during the extended weekend that begins on Thanksgiving Day and lasts through Cyber Monday.
This holiday weekend, the majority of the customers (87%) will shop online, while 84% will go to the physical stores. It should be noted that 86% plan to spend at least as much or even more as they spent the previous year. The bulk of the holiday budget will be spent to buy gifts to family and friends and 42% to have fun with guests at home.
To encourage holiday sales retailers should be versed about promotional techniques that would yield the biggest profit. Before Thanksgiving, the retailers must focus primarily on informational part of the holiday promotion, inspiring customers to learn more about the upcoming deals. Black Friday requires state-of-the-art mobile formats that will enable people to freely browse reviews and compare prices while they are making a purchase. On Cyber Monday such features as prices, free shipping, and online return policies are of paramount importance and therefore should be clearly spelled out.
Right on the eve of the holiday retailers experience much pressure to draw their customers to stores and online. Consumers will shop at the store where they think they can get the best value for their money with the least amount of hassle and frustration. 50% of Americans believe that the best deals of the season are reserved for Black Friday and 56% are going to benefit from early Black Friday deals available online.
During Black Friday nearly 79% of customers will hit the stores while on Cyber Monday 71% will take advantage of online sales. And even though two-thirds of Americans would rather that stores were not working on Thanksgiving Day, 22% of respondents will be shopping on the holiday.
This year Wal-Mart’s customers can score Cyber Monday deals as early as Friday at 12:01 a.m. EST. The world’s largest retailer kicks off its Cyber Monday offers earlier than ever to attract customers ahead of its competitors. Last year, the company started the Cyber Monday deals on the Sunday evening after Thanksgiving.
Cyber Monday is the Monday after Thanksgiving. Traditionally it is the best time of the year to score online deals. The expression was coined by Shop.org in 2005 to stimulate online purchases when people were coming back to offices with high-speed Internet. Now due to smart phones consumers enjoy constant Internet access and these days Cyber Monday is used by retailers mostly to introduce enticing deals that would boost sales.
The trend to start Cyber Monday sales earlier follows that of Black Friday, the day after Thanksgiving, which officially starts the holiday shopping season both in stores and online. But over the past few years, the largest national retailers like Wal-Mart, Macy’s and Target began offering their deals earlier right on Thanksgiving Day.
And this year, Wal-Mart, headquartered in Bentonville, Arkansas, is starting its holiday sales three hours earlier than the previous year. Since 12:01 a.m. EST on Friday online shoppers will be able to access Thanksgiving deals available online while Wal-Mart stores will open its doors at 6 p.m. on the holiday, the same time as last year.
Wal-Mart decided to start as early to have a competitive edge over Amazon and other online retailers. Recently Wal-Mart reported its online sales to increase 20.6% in the third quarter compared to its 11.8% growth in the previous quarter. Wal-Mart’s substantial growth became possible due to its increased product assortment. Currently the retailer has 23 million products offered online, which is about three times more than during last year’s holiday sales.
According to the holiday shopping forecasts online spending on Cyber Monday is expected to reach $3.5 billion, and online sales will make $81 – $91.6 billion this holiday season.
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