The Monday after Thanksgiving has taken the nickname "Cyber Monday" since 2005. That's because many consumers hop online at work Monday morning to look for bargains and deals, such as free shipping.
Retailers saw a huge crowd of bargain shoppers for early morning deals Friday, but economic worries were apparent as shoppers mostly stuck to their lists and focused on practical items.
According to preliminary figures released Saturday by the research firm ShopperTrak sales rose 0.5 percent over last year.
Data released yesterday by the Internet research firm comScore shows online sales already up 11 percent, thanks to a big boost from promotions the week leading into the Thanksgiving weekend.
The National Retail Federation trade group said Sunday it's sticking to its forecast for holiday sales to decline 1 percent from last year.
Some experts say as more homes gain high-speed internet, the impact of Cyber Monday will subside. And despite the hype, "Cyber Monday" is not the busiest online shopping day of the year. In recent years, some dates in December have been busier, reflecting the true deadline for Christmas delivery.
Copyright 2014 by The Associated Press. All Rights Reserved.