Today in 2005, Cyber Monday was born with Shop.org announcing in a press release “‘Cyber Monday’ Quickly Becoming One of the Biggest Online Shopping Days of the Year.”
According to Shop.org/BizRate Research 2005 eHoliday Mood Study, 77% of online retailers said that their sales “increased substantially” the previous year on the Monday after Thanksgiving.
In 2006, comScore reported that online spending on Cyber Monday in the US jumped 25% to $608 million In 2019, according to Adobe Analytics, Cyber Monday mobile transactions totaled $3.1 billion with total online sales reaching a record $9.4 billion. Revenue in the eCommerce market worldwide is projected to reach $3.64 trillion in 2023.