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December 1, 2008

arrowAre you shopping online today?

online shopping.jpg

Looks like Black Friday was a success in retailers' eyes: more people shopped than last year and spent more money.

Which brings us to the sequel: Cyber Monday, the unofficial kick-off to the online holiday shopping season.

All over America today, employees are ditching work and logging on to Amazon.com, Target, Best Buy and other sites. Are you one of them? What are you looking for?

I already made my online purchase -- a digital photo frame for the in-laws. (I'm not saying when I bought it though.)

If you are shopping online today, congratulate yourself for being a smart shopper. More retailers than ever are expected to have special deals today, thanks to the current economy.

If you need a little help getting started, might I suggest CyberMonday.com? The site has compiled sales at various retailer's web sites, including hourly sales.

What better way to ease back into the work week than some shopping from your desk?

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Comments:

I'm online shopping at several places but trying to wait until the last second when the prices drop. The trick, for me, is catching the lowest price and the free shipping.

Posted by: Mark Grossi at December 1, 2008 1:23 PM

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Yep, gotta go for that free shipping. Annoying though, that they have so many minimums for it. I've discovered that if you do a google search for "coupon code" before you buy, you can get some discounts that way (at least on MAC eyeshadow, which I'm sure you'll never need).

Posted by: Bethany Clough at December 1, 2008 1:40 PM

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I'm trying to understand the difference between what the retail organization describes as an increase in Black Friday sales (compared to last year) and what kind of profits are actually being made by slashing prices so much.

And wouldn't it be troubling if people are buying -- not with cash -- but with more credit cards? Doesn't that just guarantee mounds and mounds of more personal debt in this country? What joy will these folks have after Christmas morning?

Posted by: felicia matlosz at December 1, 2008 2:54 PM

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Well, shoppers say they spent more this year in surveys. As for how much actual profit that translates to for the retailers, nobody but the retailers know. The NRF folks have said in past conversations that retailers plan for these discounts months and months in advance and that they typically don’t discount so much that they’re not making any money — because then they wouldn’t be making any money. (Though some of those incredible deals on Black Friday are loss leaders designed to get you into the store.)

And luckily, shoppers seem to be scaling back on making purchases on credit cards this year, opting instead for cash. Seems like the lush lifestyle of buying things we can’t afford has finally come back to bite us in the butt.

Posted by: Bethany Clough at December 1, 2008 4:09 PM

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Interesting article it gives me a good insight thank you.

Posted by: cashback at December 9, 2008 3:46 PM

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