Cyber Monday: The biggest day for online shopping [Video]

Consumers in the United States scoured the internet for online deals as they look to take advantage of the post-Thanksgiving shopping marathon with Cyber Monday.

Even though e-commerce is now part and parcel of many people’s regular routines and the holiday shopping season, Cyber Monday — a term coined in 2005 by the National Retail Federation — has become the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel it.

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Adobe Analytics, which tracks online shopping, expects consumers to spend a record US$13.2 billion on Monday, 6.1 per cent more than last year. That would make it the season’s — and the year’s — biggest — shopping day for e-commerce.

Online spending is expected to peak between the hours of 8 p.m. and 10 p.m. Monday night, per Adobe — reaching an estimated $15.7 million spent every minute.

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