My Money – Saving & Spending
Nothing says “holiday shopping” quite like the four-day weekend from Black Friday to Cyber Monday. According to the National Retail Federation, consumers spent $59.1 billion on 2012 during the busiest shopping weekend of the year. While 10% of shoppers rushed to the stores right after finishing their Thanksgiving dinners, others waited until Cyber Monday, with online shopping peaking at 11:25 a.m. EST. Whether you plan to shop in-store or online, check out this infographic for more fun Cyber Monday and Black Friday statistics.
With the traditional holiday shopping season upon us, some retailers are opening on Thanksgiving Day to kick-start early Black Friday deals, while most stores are sticking to a Friday opening. Online sales during Cyber Monday saw a 30% increase in 2012 – a percentage expected to rise this year, according to IBM Digital Analytics. Here’s a by-the-numbers look at Black Friday and Cyber Monday: