Retailers root for Cyber Success

  • 0

It's Cyber Monday, and retailers hope you will take a little time to shop from your desk at work today.  Retail research firm Shopper Track says it expects Cyber Monday to be a big success this year. 

Online sales hit 1.5 billion dollars last year and could reach closer to 2 billion this year.  Over the weekend, IBM says online spending was up nearly 20 percent from the same time period last year.  In store sales are reportedly down nearly three percent from the same time last year.

NEW YORK (AP) -- It's the day of the online deal.

Millions of shoppers are expected to click on items on Monday as retailers rev up deals to grab online holiday shopping dollars on the first working day after the busy holiday weekend.

But this year so-called Cyber Monday seems to have stretched into Cyber Week or even Cyber Month, with retailers from Amazon to Wal-Mart rolling out online deals since the beginning of November.

Still, Cyber Monday is expected to be the busiest online shopping day of the year. 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.