This year, Americans will spend more than $586 billion during the holiday season. And of that, a staggering high amount, $96 billion will be spent online as shoppers search for the best deal.
A national poll found 82 per cent of U.S. consumers plan on forgoing Black Friday shopping this year. However, 30 per cent say will be taking advantage of online sales on Cyber Monday. Black Friday consumers do a majority of their shopping at department stores, discounters, electronic stores, online sellers and toy stores, although the better deals can be found online.
The good news is that it’s not just one day. Great prices can be found throughout the season, with many of the best deals showing up well into December preparing for the Christmas gifts.
There has been a 24% online sales growth on Black Friday and a 33% on Cyber Monday.
Although both, Black Friday and Cyber Monday have online exclusive deals, even with free shipping, the best time to buy is just before Christmas as last minute sales go into effect.
Do your homework: sites like BlackFriday.com, BFads.net, GottaDeal.com compete to get the scoop on what will be on sale online and in stores.
What do you prefer? Black Friday or Cyber Monday? Let us know your opinion.