Topics

E-Commerce Industry
Cyber Monday expected to draw fewer online shoppers this year
Cyber Monday expected to draw fewer online shoppers this year

After hitting the malls on Thanksgiving and scouring Black Friday sales, American consumers were back for another bout of retail therapy Monday. But the shopping day known for big online sales — called Cyber Monday — is expected to draw fewer people this year. Web promotions that kicked off as early as October had already taken a bite out of sales during the long holiday weekend and will probably squeeze consumer interest in Cyber Monday. About 126.9 million shoppers planned to browse online for bargains Monday, down nearly 4% from 131.6 million in 2013, the National Retail Federation said. But they appear to be spending more: Sales may grow to $2.5 billion, surpassing last...

Loading