Cyber Monday Shoppers Expected To Set A Record On The Years Biggest Day For Online Shopping [Video]

(Associated Press) – Consumers in the U.S. are scouring the internet for online deals as they look to make the most of the post-Thanksgiving shopping marathon on Cyber Monday.

The National Retail Federation coined the term for the Monday after Black Friday in 2005.

Even though e-commerce is now part and parcel of many people’s regular routine, Cyber Monday continues to be the biggest online shopping day of the year, thanks to steady discounts and a fair amount of hype.

Several major retails actually started their Cyber Monday promotions over the weekend.

Consumer spending for the online shopping days between Thanksgiving and Cyber Monday provides an indication of how much shoppers are willing to spend for the holidays.