Holiday Shopping on the Job? Call It 'Cyber Monday' - Franglish
Dec 2, 2005 - Written by Mario Ritter. For Americans, the traditional season to buy winter holiday gifts begins on the last. Friday in November. "Black Friday" is ...
Holiday Shopping on the Job? Call It 'Cyber Monday' Written by Mario Ritter
For Americans, the traditional season to buy winter holiday gifts begins on the last Friday in November. "Black Friday" is the name for the day just after Thanksgiving Day. But lately there is a term for another popular shopping day that follows Black Friday: "Cyber Monday."
The term Cyber Monday comes from an observation made by people who study the holiday buying season. That is, lots of people may have gone into stores over the Thanksgiving weekend to look for gifts. But many wait until they return to work on Monday to buy online. Many people have faster Internet connections on the computers at their jobs than at home.
An Internet research company, comScore Networks, says Americans spent more than nine hundred million dollars online from Thanksgiving through Sunday. Then they bought four hundred eighty-five million dollars in goods over the Internet on Monday. The company says both amounts were twenty-six percent higher than last year.
What were the most popular sites for online shoppers? EBay is said to have had almost twelve million visitors on Monday. EBay is a site on which people sell goods to each other. Next were the Web sites of Amazon and Wal-Mart Stores.
Consumer spending represents two-thirds of all economic activity in the United States. And about one-fourth of all personal spending takes place during the holiday season. VOA Economics Report 02 December 2005
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