Egypt's golf chief Omar Hisham Talaat elected to Arab Golf Federation board    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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Cyber Monday outshines Black Friday
Published in Daily News Egypt on 01 - 12 - 2015

Cyber Monday, the year's biggest online shopping day is set to break US sales records. But the days of all-time sales highs on the Monday after Thanksgiving may be on their way out as digital deals become omnipresent.
The final numbers aren't in yet – but the year's biggest online shopping day in the US looks set to break sales records.
Market researchers from the Adobe Digital Index reported sales of over $3 billion (2.83 billion euros) on Cyber Monday, or a 12 percent increase year-on-year.
The complete sales figures are expected on Wednesday. But in the first 10 hours of Cyber Monday alone, around $490 million in purchases were made – or a 14 percent rise from last year. Cyber Monday sales growth far outstripped that of traditional high street shopping on Black Friday, which saw sales fall by more than a billion to $10.4 billion.
Electronics made up the bulk of the Cyber Monday purchases, with Sony's 4k television, Apple iPads, and gaming console PlayStation 4 outpacing competitors in their respective product classes. Star Wars toys, especially fan favorite BB8, also proved very popular ahead of the release of the franchise's newest film.
Cyber Monday may soon just be a regular Monday
Despite the hefty purchase volumes, experts say that the Monday after Thanksgiving – traditionally a fixed day where online retailers offered deep discounts on their wares – may be losing its hold over consumers.
More and more retailers are offering massive markdowns a few days early. Amazon started offering "Lightning Deals" on Saturday and Wal-Mart took all of its Cyber Monday offers online already the night before.
Shoppers have therefore started to learn that waiting until Cyber Monday to fill their online shopping carts may not result in the best deals or even successful purchases. According to Adobe, 13 out of 100 product views showed an out-of-stock message, or more than twice the normal rate.
Frustrated shoppers target Target
Some retailers such as Target found themselves caught off guard. The company announced a 15 percent discount on all of its items online, but was unable to cope with the customer traffic. The hashtag #targetfail made the rounds around frustrated shoppers' social media accounts. Many opted to go Amazon instead.
But as Cyber Monday diminishes in significance in an age of omnipresent digital deals, it's equivalent in China is still going strong. This year's Singles' Day on November 11 saw sales of $14.3 billion – making it the biggest online shopping event in the world.
jd/uhe (afp/AP/Reuters)


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