Blog: Cyber Monday crosses the Atlantic

Katie Smith | 2 December 2013

Cyber Monday - the Monday after Thanksgiving in the US when shoppers hit the internet to search for the best deals and discounts - has crossed the Atlantic to the UK.

An estimated GBP450m (US$736.5m) is set to spent online today (2 December), with more than 7.7m online transactions, according to figures released by Visa Europe - making it the busiest online shopping day of the year.

A combination of pay-day falling on the last Friday of the month and a weekend spent browsing the shops, results in shoppers buying gifts online during the Monday closest to the start of December, the company says

Department store retailer John Lewis expects cashmere and Uggs will be among the most sought-after products. Online director Mark Lewis said: "Our customers' shopping habits have changed over the past few years, and our peak time for browsing and shopping on johnlewis.com is now Sunday evening.

"With shoppers becoming more comfortable when purchasing via mobiles and tablets, coupled with better connectivity and the rise of smartphones so people can browse online through the day, it's not surprising the way we shop has changed."

Over in the US, the National Retail Federation (NRF) expects more than 131m shoppers to go online today, up from 129m last year. Some 24.8m of shoppers said they will use a mobile device to shop, up 22% from 20.4m a year ago.

“Regardless of the exciting online promotions we’ve already seen, retailers are prepared to pull out all the stops for their Cyber Monday shoppers,” added Shop.org executive director Vicki Cantrell. 

Sectors: Apparel, Retail

Companies: John Lewis

BLOG

Trump moves forward on tariff threats

The ongoing tariff war between the US and China took another turn last week in a move US apparel and footwear retailers and importers have been dreading, as the Trump administration moved forward on t...

BLOG

US-China trade war takes a turn for the worse

Just as it seemed the ongoing US-China trade war was heading into the final round of talks, US President Donald Trump last week escalated the dispute by hiking tariffs on $200bn worth of Chinese expor...

BLOG

Primark defends position over unfair dismissal allegations in Bangladesh

Value fashion retailer Primark has defended its position following allegations that workers at its supplier factories in Bangladesh were dismissed for taking part in protests over low wages – and says...

BLOG

Reflecting on Rana Plaza

Last week marked the sixth anniversary of the Rana Plaza building collapse in Bangladesh – with just-style taking a step-by-step look at the changes that have been made to improve worker and building ...

just-style homepage



Forgot your password?