The Cyber Monday peak can be attributed to workers receiving their last pay cheque before Christmas, taking advantage of fast Internet during lunch at the office without fussy family around and needing packages delivered early before December holiday leave. According to Matthew Cheng, MD of eCoupons.co.uk and creator of CyberMonday.co.uk, “Not only are US based retailers like Apple and Adobe having global Black Friday and Cyber Monday sales this year, but now many UK retailers are embracing the Cyber Monday sale concept.” Early CyberMonday.co.uk sale participants include Kaspersky Labs, The Gift Experience, Historic Newspapers and Personalised Gift Ideas. Argos plans to have a “Cyber Monday” voucher code during the Cyber Monday peak week.
David Smith, MD of IMRG said, “Last year, 350m pounds was spent on Cyber Monday. Growth for the first three quarters of 2010 has averaged 16% above last year and 3 percentage points above our 2010 forecast. During the fourth quarter we predict Britons will spend 17.4 billion pounds shopping online, up from 15 billion pounds in the fourth quarter of 2009.”
“Retailers need to be ready this year for Cyber Monday which is set to be a record breaking internet retailing traffic day. Sites need to be ready and cope with big spikes in activity – slow page loading times or site crashes mean lost customers,” said Dominic Monkhouse, UK MD at PEER 1 Hosting.
[ReviewAZON asin=”B0036WT3P2″ display=”inlinepost”]Last week, Amazon.de announced it was having a Cyber Monday sale in Germany.
Survey: All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 2304 adults. Fieldwork was undertaken between 1st – 3rd November 2010. The survey was carried out online. The figures have been weighted and are representative of all online UK adults (aged 18+).