Monday, November 26, 2012

The Cost of Cyber Monday

All of these post-Thanksgiving days now have their own label to better market themselves: Black Friday was followed by Small Business Saturday. And today is Cyber Monday, the day in which everyone is supposed to shop online for the things they couldn't or wouldn't buy last Friday.

And there may be something to that. According to MarketWatch, workers taking time out to do their shopping on Cyber Monday cost their businesses roughly $1 billion per year in lost productivity. That's in addition to the $2 billion that shoppers are expected to spend online today.

If you are shopping today, the retail trackers will tell you that kitchen appliances tend to have some of the best prices on Cyber Monday, down about 16 percent from Black Friday. Another popular bargain: travel, especially hotel rooms.

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