Best Buy Co., Inc.

Why Cyber Monday still has retail punch

Why Cyber Monday still has retail punch

Consumers are expected to click "proceed to checkout" with their online shopping carts in record numbers this Cyber Monday in what is still the biggest online shopping day of the year.

Online sales for this Cyber Monday are expected to total $3 billion for the first time, a 12% increase from a year ago, the digital marketing and media firm Adobe Systems Inc. predicts.

That's also a 50% surge from Cyber Monday's sales of $2 billion only three years ago, said Tamara Gaffney, principal research analyst at Adobe's Digital Index division.

Holiday gift guides for everyone...