Cyber Monday Expects Record Sales

Cyber Monday, the online equivalent to Black Friday, is expected to rake in another record sales figure. Last year, sales on the biggest online shopping day exceeded $1 billion for the first time. This year, sales are expected to hit $1.2 billion. About 78 percent of online retailers are offering promotions. Black Friday sales already set records this year, pulling in $52.4 billion. Of that total, shoppers spent $816 million online, 26 percent more than last year.