After the turkey is eaten and the thanks are given, there’s only one thing on every American’s mind: shopping. As soon as the thoughtfulness and family time is over, it’s time to get down and dirty with the biggest shopping day of the year, Black Friday ! Shoppers arrive at stores starting at midnight on Thanksgiving day and excitedly wait for their favorite stores to open to get the best deals of the year.
Last year alone, consumers spent $59 billion on Black Friday, making it the highest grossing day of the year. An approximated 247 million people spent an average of $423 each over Black Friday weekend, which now goes from Thursday to Sunday. And this doesn’t even begin to include the second highest grossing day of the year, Cyber Monday.
With the growth of online shopping, Cyber Monday (the Monday following Thanksgiving) has become a huge day for online deals! Last year there was a total of $1.5 billion spent on Cyber Monday. Although there is significantly less spent on Cyber Monday than during Black Friday weekend, it is growing substantially. In 2012 there was a 17 percent increase in spending from the previous year.
Even though online shopping is growing quickly, Cyber Monday shopping is not expected to surpass Black Friday. In addition to Black Friday spending beating out Cyber Monday shopping nearly 40-fold, Cyber Monday shopping only grew half as much from 2011 to 2012 compared to 2010 to 2011.
So enjoy your turkeys and family time before gearing up for the biggest shopping days of the year!by