Cyber Monday is the top online shopping day of the year

TAMPA - Welcome to Cyber Monday.

It's that day when we try to look busy at work, while we're really online looking for the best deals.

Shopping trackers say a LOT of people took to the malls this past weekend, but they spent less overall.  Experts say that's because we're still waiting to see what deals and offers are going to be on-line today.

Those retail experts say we're becoming increasingly interested in online shopping thanks to free shipping, special online only deals and instant coupons.

Early numbers indicate that online shopping was up by more than 20 percent today compared with the same time last year.

The figures by IBM Benchmark were released at noon, Eastern time. They suggest that nearly a third of all online shopping traffic was done by way of mobile devices like smartphones and tablets.

Cyber Monday, the Monday after Thanksgiving, is supposed to be the busiest day of the year for online shopping.



Retailers failed to boost spending during the four-day holiday weekend. They had offered big discounts in early November, and several retailers opened stores on Thanksgiving Day. But the National Retail Federation estimates that spending fell for the first time ever -- down 2.8 percent -- during the four days that ended yesterday.

The NRF's online arm says more than 4 out of 5 retailers were planning to offer deals specifically for Cyber Monday.
 

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