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Businesses The Almighty Buck The Internet

"Cyber Monday" Expected To Draw Virtual Crowds 133

Posted by Soulskill
from the like-black-friday-but-with-fewer-deaths dept.
Anti-Globalism writes with this excerpt from PCWorld: "Last year, consumers spent $733 million on Cyber Monday, and it's expected to be even bigger this year. According to a survey by online shopping site Shopzilla for the National Retail Federation's Shop.org, nearly 84 percent of online retailers plan to have a Cyber Monday promotion on December 1. That's up from just 72 percent last year and zero percent in 2005, says Shop.org executive director Scott Silverman."
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"Cyber Monday" Expected To Draw Virtual Crowds

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  • Who can afford it? (Score:5, Insightful)

    by elrous0 (869638) * on Saturday November 29, 2008 @01:07PM (#25925725)
    I just got a pay cut at work, I may even lose my job if things don't turn around, and my mortgage is now worth more than my house. Not really in a spending mood right now.
    • Re: (Score:2, Insightful)

      by p3n1x420 (1189573)
      come on now, stimulate the economy, spent big, spend with plastic! its not like everybody can afford all this junk as it is. some yes, but the majority im willing to bet are digging their holes deeper and deeper.
      • My elected representatives have assured me that spending without any thought as to how I will pay it back is a wise course of action.
    • by CRCulver (715279) <crculver@christopherculver.com> on Saturday November 29, 2008 @01:37PM (#25926025) Homepage

      Not really in a spending mood right now.

      Why do you hate freedom?

    • by whoda (569082) on Saturday November 29, 2008 @02:27PM (#25926481) Homepage
      I'm still trying to figure out how all these people got the idea that it was God's given right to owe less on your mortgage than the house is worth.
      • I'm still trying to figure out how all these people got the idea that it was God's given right to owe less on your mortgage than the house is worth.

        Wouldn't that be a good thing?

      • by v1 (525388)

        well one would hope that, at least after a few years, that would become true. Problem for some people is, they achieved that goal, and then lost it. That's a bit depressing.

        I know two people that lost new cars in the floods here, that didn't have insurance to cover flood damage. So they got another new car, and rolled their old car payments into the new. So they're driving around cars that are worth significantly less than their loan.

      • by Sporkinum (655143) on Saturday November 29, 2008 @04:41PM (#25927473)

        I was a dumbshit and made double payments on my house and paid it off this year in 11 years total. I should have let my rich uncle "Sam" pay it off for me. I also paid off my credit cards too. All a few months before the economy tanked. BTW.. its called living within your means.

        • by Atario (673917)

          I'm not aware of any homeowners in trouble getting bailed out -- only large corporations. Do you know something we don't?

          Also, I bet you'll be the first to complain that there are suddenly so many dirty filthy worthless homeless people crowding the streets and getting in the way of your evening stroll after the thousands (hundreds of thousands?) of families simply go under because they deserve to suffer.

          • Yes, I have heard about a plan to directly address home owners who cannot pay their mortgages. It may not be a 'bailout' in a sense, but I'll share what I know.

            I only heard a blurb about it on the news a week ago or so, but I remember hearing something about $300 billion, more affordable loans and that it applies to those who have consecutively missed 3 or more mortgage payments and something about extending loans from 30 to 40 years in some cases, with lower interest. Eligibility supposedly depends on inc
          • By your standard I am homeless because I don't own a house.

      • I'm still trying to figure out how all these people got the idea that it was God's given right to owe less on your mortgage than the house is worth.

        You do have a right to an accurate and honest assessment of what your home is worth. Anything else is fraud - I presume we agree that fraud is a violation of a person's rights. (Booting for the moment the question of whether these rights are bestowed by supernatural fiat, by deep psychology, or by human need.)

        Some lenders conspired to get false assessments t [mlive.com]

    • by ROMRIX (912502)

      I just got a pay cut at work, I may even lose my job if things don't turn around, and my mortgage is now worth more than my house. Not really in a spending mood right now.

      You should move to Oklahoma, 4% unemployment, houses maintaining their value and I just got a $200 a month raise. My house is currently worth about $40,000 more than I paid for it in 2003.
      So to answer your question, I can.

    • by citizenr (871508)

      I just got a pay cut at work, I may even lose my job if things don't turn around, and my mortgage is now worth more than my house. Not really in a spending mood right now.

      better spend now what you have left than wait half a year untill dollar tanks BIG TIME (FED is printing money out of thin air, whole 7 trillions)

    • by elashish14 (1302231) <profcalc4@gmBLUEail.com minus berry> on Saturday November 29, 2008 @04:03PM (#25927173)

      Not really in a spending mood right now.

      This is called depression my friend

    • I may not have a mortgage woe like you, but my employer keeps fscking up my paychecks, and I don't get paid til Tuesday ;)
    • Re: (Score:3, Insightful)

      by blackmonday (607916)

      my mortgage is now worth more than my house

      I don't understand the exact problem with this. Most people go out and buy cars with a 10 or 20 percent down, and they're "underwater" as soon as they drive off the lot. As you make your regular payments, the amount you're underwater gets overcome, over time. It may d=sound hard to believe, but everything will eventually recover a few years down the road. I'm an optimist, mostly because I've been living within my means and renting for the last 10 years.

      • by gruntled (107194)

        The difference is that if you lose your job and have to leave town to find a new one, you can take your overpriced car with you...

    • by evilviper (135110)

      I just got a pay cut at work, I may even lose my job if things don't turn around,

      Meanwhile, I just got a new job, paying quite a bit more than I was previously earning.

      and my mortgage is now worth more than my house. Not really in a spending mood right now.

      I thought it was painfully obviously that the housing market was running away uncontrolled, and vastly over-valued, and so sold my home for 3X what I'd paid for it about 10 years earlier, and moved into a cheap apartment for a while.

      And now, gas prices ar

      • by gruntled (107194)

        Yeah, it's great time unless the company you're working for now suddenly goes belly up, and it takes you a year to get your next position. Unless you're more than seventy years old, you have no personal experience with the economic dislocation thats on the horizon. I'm in exactly the same position as you: Highly valued with my employer, no debt, and the house we bought (using a fixed mortgage and a 30 percent down payment) from a guy desperate to unload it two years ago has increased in value since we paid

    • by jaunty (56283)

      Hey, to paraphrase a famous politician, "If you're not with us (and our spending habits), then you're against us (you terrorist)".

  • Just Hype (Score:5, Insightful)

    by victim (30647) on Saturday November 29, 2008 @01:16PM (#25925795)

    Cyber Monday is just marketing hype. The peak shopping days come later. The goal is to have a recognizable name that people will google up and read their customers' ads. I suppose they owe a big thank you to Soulskill for getting their message out.

    Maybe we can have a slashdot article for Sears' next "White Sale".

    • Re:Just Hype (Score:5, Insightful)

      by Troy (3118) on Saturday November 29, 2008 @01:39PM (#25926039)

      It's a great example of belief creating reality, however. If people believe that the Monday after Thanksgiving is the biggest online shopping day of the year, then retailers are going to start offering "Cyber Monday Specials." This, in turn, will drive more people to shop that day. Rinse and repeat.

      From a marketing point of view, it is actually quite clever.

      • Re: (Score:2, Informative)

        by Jeff DeMaagd (2015)

        That sort of manipulation is quite common. Just a couple examples:

        Thanksgiving was moved up a week so to add another week to the Christmas shopping season, at the request of retailers. I think Thanksgiving also used to be celebrated on Friday. "Black Friday" may well have been one of those manufactured events. As it is, it really isn't the biggest shopping day of the year, I think the Friday and Saturday before Christmas is even bigger.

        The tradition of using diamonds for engagement rings and such is pre

      • by (H)elix1 (231155) *

        And from the consumer perspective, there will be deals to be had. Because deals are expected, deals must be put out there. If one of the web based stores does not bother to put out some e-Monday loss leaders, there is a good chance they will get ignored. The web communities I'm involved with do an amazing amount of sifting the wheat from the chaff - retail or online.

        Unlike the folks to camped Best Buy for half a day or more, I can log in and snag the loss leaders the web based stores are pushing. Since

        • by warsql (878659)
          You are correct, it is easier to pick up a single item from multiple sites online versus brick and mortar. The smart online sites will bundle up and save on shipping costs to convince you to fill up the cart.
      • by timeOday (582209)
        If marketers wanted to create an event, they should have created"Cyber Sunday" instead, because that's when people are home and have time to shop online. Perhaps "Cyber Monday" is a throwback to days when people "surfed the web" at work because they didn't have decent connections at home.
    • by Mathiasdm (803983)
      Funny thing being: it's posted by Anti-Globalism.
    • by MajGeek (781532)
      The entire "holiday season" is marketing hype. I'm sorry, but seeing snowflakes and Santa in store windows before Halloween makes me want to move to a hut in the mountains or something.

      Businesses do seem to be trying to reach out to online shoppers, though, the same way the brick-and-mortar stores do on Black Friday. They even have a website with hourly specials to entice reluctant people to pull out the plastic: http://www.cybermonday.com/

      Marketing hype that at least acknowledges and even actively cou
      • You know what's worse...?
        It's seeing snowflakes and Santa's in sleighs with reindeers in store windows that early... when you live in the southern hemisphere...
        It's summer... when will we catch up?
    • by billcopc (196330)

      Yep you said it. Just because a shop is participating in a "Cyber Monday promotion" doesn't mean much. They could throw up a banner that says "Welcome to Cyber Monday - regular prices still apply SUCKERS!" and well, technically they're participating.

      In no way does it require or even imply any sort of incentive for shoppers to buy on that particular day.

      • by Tony Hoyle (11698) *

        The usual trick is something like 'Up to 90% off'. The 'up to' bit meaning some piece of crap that hasn't sold all year is 90% off, everything else is at or near full price.

  • by Anonymous Coward
    Really guys. [snopes.com] Don't the editors screen this crap at all?
  • I, for one, (Score:3, Funny)

    by Chysn (898420) on Saturday November 29, 2008 @01:23PM (#25925897)

    expect to get virtually trampled.

    • The ugly side of the slashdot effect.
      Let us have a preemptive moment of silence the Cyber Monday victims and all those servers we will overload.

    • by Khan (19367)

      ..or at the very least you'll get DDoS'd from the people that can't just click the sale button only once ;-)

  • by movercast (1037472) on Saturday November 29, 2008 @01:24PM (#25925905)
    Cyber Monday? Is there any proof that people spend more money on this day then any other? Show me the correlation coefficients of money spent online vs day of the year and then we'll talk.
    • Re: (Score:3, Interesting)

      by thermian (1267986)

      Cyber Monday? Is there any proof that people spend more money on this day then any other? Show me the correlation coefficients of money spent online vs day of the year and then we'll talk.

      Its just marketing hype, fairly obviously so. They want/desperately need to create new 'big shopping days' now that peoples buying habits are changing.

    • by LoverOfJoy (820058) on Saturday November 29, 2008 @01:41PM (#25926053) Homepage
      The article doesn't claim otherwise. It states that "Silverman's organization actually invented Cyber Monday in late 2005 as a gimmick to jump-start online sales in the holiday season. The media soon hyped it, and while it's not the biggest online shopping day of the year, it has certainly caught on among e-tailers."

      In the article, a TigerDirect rep claims that at least for them, "Cyber Monday was the biggest day of the year for us last year--bigger than Black Friday,"

      I always thought the biggest day for brick and mortar stores, at least, was much closer to Christmas.
    • by mblase (200735)

      Imagine you were anxious to go out on Black Friday and buy some toys, electronics, etc. on the cheap. Then you get to the stores too late, and everything you wanted to get cheap is gone. Now what?

      Answer: you go online and buy it instead, because it's still cheaper than shopping every chain store in town.

      Of course, "Cyber Monday" made more sense in the years when most shoppers had little or no internet access at home. Nowadays the "Cyber Monday" shoppers are just as likely to start their online shopping from

    • by ascari (1400977)
      Shop.org makes up this crap. Says so in the article.
  • by DrClownius (103578) on Saturday November 29, 2008 @01:24PM (#25925909) Homepage

    Cyber Monday?

    I put on my robe and wizard hat

  • Quake Mod? (Score:3, Interesting)

    by Sponge Bath (413667) on Saturday November 29, 2008 @01:56PM (#25926215)
    I think Cyber Monday would be more fun
    if you had a Quake like interface to capture purchases
    and kill your competitors (fellow shoppers).

    "Announcing a PS3 special for $199 to a hardy victorious few."

  • by Simonetta (207550)

    We are different... we make software out of nothing. Then we give it away. We take the other software that our peers have written. We use this software to improve the real things in our lives. Our children live better because we do this. Your children live better because we do this.

    They are different from us. They fly in corporate jets to world financial capitals in order to beg for billions of our dollars from the public treasury to cover their incredibly irresponsible and maleficent behavior and dec

    • Re: (Score:2, Insightful)

      by drspliff (652992)

      Uh.... nice rant.

      However, what has it got to do with more people shopping online on Monday?

      • by Gaerek (1088311)
        I agree, but I'm kinda wondering what $1 Trillion in public funds going to the people who 'fucked up' has to do with peeing in a cup. Somebody having a bad day? :(
  • by BigZaphod (12942) on Saturday November 29, 2008 @02:01PM (#25926255) Homepage

    I had no idea I had to wait until Monday to start shopping online. I'm glad this Slashdot story showed up or else I might have just gone on buying stuff today and tomorrow and missed out on my chance to contribute to some meaningless statistics!

    • Well said. I hereby declare this soditsaturday!
    • by evilviper (135110)

      I had no idea I had to wait until Monday to start shopping online.

      You don't have to wait to shop until "Cyber" Monday. None the less, many people DO.

      You don't have to work Monday through Friday, either, but most people do that, too.

      I might have just gone on buying stuff today and tomorrow and missed out on my chance to contribute to some meaningless statistics!

      It's a perfectly valid statistic... It's the 3rd biggest online shopping day of the year.

      It has meaning to many people. The fact that it doesn't t

  • At least no one can get trampled to death in cyber space.
  • by primus1024 (805561) on Saturday November 29, 2008 @02:18PM (#25926397)
    Wikipedia says:

    The term Cyber Monday refers to the Monday immediately following Black Friday, the ceremonial kick-off of the holiday online shopping season in the United States between Thanksgiving Day and Christmas....

    Origin of term

    The term "Cyber Monday" is a neologism invented by Shop.org, part of the U.S. trade association National Retail Federation...
    • by Tony Hoyle (11698) *

      Apparently apple are trying (somewhat unsuccessfully) to introduce black friday to the UK. They've got an uphill struggle as it's just a normal working day and most people are busy saving up for christmas at the moment.

      • by tehcyder (746570)

        Apparently apple are trying (somewhat unsuccessfully) to introduce black friday to the UK.

        Shouldn't that be Shiny White Friday?

  • by Anonymous Coward

    Hope fully others can do better than HP and MS Live did yesterday. They had a total server melt down. Funny thing, the servers seemed to work fine once the 40% off was canceled.

  • From the article, "...Some 84 percent of online retailers will be holding major promotions..."

    Interestingly, that is precisely the percentage of all statistics that are made up!

  • How many people will get trampled to death ?

    assholes.
  • Newegg.com had their 'black Friday' last week. If you didn't get all your stuff from NewEgg, you didn't shop very well ;)

  • cyber monday will continue to draw crowds until weve outspent the recession

    not trolling, just saying it seems like a farse. spending was only up 3% on black friday this year, and thats with some notably deep discounts. retailers are worried spending will slow to a crawl during the holidays, so theyre creating another reason to keep spending much the same way mothers day was invented by card companies. besides, isnt tech day everyday for slashdotters?
  • by PPH (736903) on Saturday November 29, 2008 @10:48PM (#25929639)
    Some fat lady beat me to the last space in the domain parking lot.
  • But isn't this just a contrived "media" event?

    This reminds me of the College Basketball Tournement that is supposed to bring corporations to their knees as the final four basket ball games are being played - it never happens, yet every year broadcasters announce the impending Billion Dollar plus hit to our economy due to the college basketball season championship.

    Stories from 2003 [bizjournals.com] and 2007 [bizjournals.com]

    What a load of rubbish...

  • I can hear The Man chastising now: Perhaps it's because everybody was surfing and nobody was working that our economy-productivity-innovativity-earnings are down, eh? Kidding aside, I think the Market just demonstrated that in our economy value is entirely relative. Even if the ecommerce volume is up this year, the bottom line may not be enough come January.

If I had only known, I would have been a locksmith. -- Albert Einstein

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