THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
45% plan to shop online during Cyber Monday Week

Cyber Monday, the first Monday of December, is known as the busiest shopping day of the year before Christmas and this year falls on the 6th of December.

GENERAL MERCHANDISE

45% plan to shop online during Cyber Monday Week

Cyber Monday, the first Monday of December, is known as the busiest shopping day of the year before Christmas and this year falls on the 6th of December.

Cyber Monday sales start on 29 November in the US and Germany with some US based retailers promoting Cyber Monday sales on their UK websites.

According to a new CyberMonday.co.uk online survey conducted by YouGov, 45% of online UK adults plan to shop online between 29 November and 6 December with 27% to spend over 200 GBP online for Christmas gifts this year. Almost three fifths (57%) of those aged 25 to 44 plan to shop Cyber Monday week versus just 35% aged 55+.

The Cyber Monday peak can be attributed to workers receiving their last pay cheque before Christmas, taking advantage of fast Internet during lunch at the office without fussy family around and needing packages delivered early before December holiday leave. According to Matthew Cheng, MD of eCoupons.co.uk and creator of CyberMonday.co.uk, "Not only are US based retailers like Apple and Adobe having global Black Friday and Cyber Monday sales this year, but now many UK retailers are embracing the Cyber Monday sale concept."

David Smith, MD of IMRG said, "Last year, 350m pounds was spent on Cyber Monday. Growth for the first three quarters of 2010 has averaged 16% above last year and 3 percentage points above our 2010 forecast. During the fourth quarter we predict Britons will spend 17.4 billion pounds shopping online, up from 15 billion pounds in the fourth quarter of 2009."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process