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Experts Expect Big Sales For Cyber Monday

Monday, November 26th, 2012 at 6:34 am

Experts estimate today will be the biggest online shopping day of the year for the third straight time. Yes, it’s a day that’s become known as Cyber Monday, which means online deals abound.

The research firm comScore estimates that Americans will spend $1.5 billion today, up 20 percent from last year.

Amazon.com, which started Cyber Monday deals at midnight, is offering as much as 60 percent off a Panasonic VIERA 55-inch TV that’s usually over $1,000. Sears is offering $430 off a Maytag washer and dryer, each on sale for $399. And Kmart is taking 75 percent off all diamond earrings.

ComScore says $13.7 billion has been spent online so far for the holiday season. That’s 16 percent more than last year.

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