Cyber Monday: Deals dominated this Monday as retailers showed off their deepest discounts and shoppers raced to beat each other to online storefronts before the stock ran out.
Sales during the online shopping day topped $1 billion last year and could reach $1.2 billion this year, according to a report from the Los Angeles Times. What is known as Cyber Monday became the largest online sales day of the year for the first time in 2010, the report said. Though the online bargain day still has a long way to go before it catches up with Black Friday, Internet retailers are expected to do well this year after high sales from the weekend. ComScore reported that e-commerce spending was up 26 percent online for the days following Thanksgiving, the Associated Press reported Sunday. A Friday estimate from IBM research found that online shopping was up 20 percent.
Early estimates showed strong sales for Cyber Monday 2011, with retailers posting early numbers showing sales holding steady at 15 percent over last year.
Online shoppers prowling the Web for deals have to be extra careful on Cyber Monday, since scammers will take advantage of users who may not realize that the Web sites they visit may not be legitimate. Since advertisements promising deep discounts are the norm rather than the exception on the year’s biggest online shopping day, shoppers may be tempted to let their guard down and click pop-ups or banner ads promising unbelievable deals.
The Better Business Bureau has put up some tips for the holiday season, including a recommendation that online shoppers use their credit cards for purchases. In case of fraud, it’s a bit easier to dispute and control credit card charges. It’s a little more difficult with debit card charges, which give thieves direct access to your checking or savings accounts.
Estimates from CareerBuilder indicated that one-half of American workers planned to shop sales from the office. But they may find that they can’t get to their favorite sites to take advantage of Cyber Monday deals.
In a study from Robert Half Technology, the Business News Daily reported, 60 percent of chief information officers said they are blocking all access to online shopping sites. Around 20 percent of those surveyed said they won’t block access to the sites, but will be monitoring activity “for excessive use.”
Galaxy Nexus launch: The flagship phone of Google’s next Android operating system, the Galaxy Nexus, has already launched overseas, but there’s been no official word on when it will hit Verizon’s network in the United States.
The general consensus is that the phone will go on sale in the next few weeks to capture a good portion of the holiday market, and a report from Computerworld points to a Dec. 8 launch date and a pre-order date of Nov. 29.