Survey Says Cyber Monday Will Surpass Black Friday

Deal site FatWallet.com conducted a survey of 600 consumers which revealed many of them (62 percent) expect to find better deals on Cyber Monday (also known as Black Monday), not Black Friday.

Cyber Monday started about seven years ago, due to the large number of online sales that started the Monday after Thanksgiving. In fact, last Cyber Monday became the single biggest online shopping day on record. ComScore estimates that $1.24 billion sales were accumulated.

Could this year be even bigger? FatWallet consumers seem to think so. In the survey, 53 percent said they plan to spend even more this year on Cyber Monday.

Not everyone is in agreement over that though. Gottadeal.com founder Brad Olson says of Cyber Monday “Sales are high that day because people are back at work and realize they need to start shopping and they see all these sales and so they’ll still buy stuff. But I’d say prices on Cyber Monday average 10% more than Black Friday.”

Bradsdeals.com founder Brad Wilson agrees that Black Friday is still the best deal day for shopping, with steeper price cuts on individual items than any other day of the year.

Do you agree with the experts or will Cyber Monday be your biggest shopping day?

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