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Sales slow for Cyber Monday and Black Friday

No need to get out of your PJs this morning if you’re looking to get some Christmas shopping done, as many retailers offer online deals for Cyber Monday.

But the National Retail Federation (NRF) in the U.S. expects the number of people taking advantage of deals on Monday will be down compared to last year.

Last year, about 131 million Americans planned to shop online — compared to only 127 million people in 2014.

And sales were down 11 per cent on Black Friday from last year in the U.S.

“A strengthening economy that changes consumers’ reliance on deep discounts, a highly competitive environment, early promotions and the ability to shop 24/7 online all contributed to the shift witnessed this weekend,” NRF president and CEO Matthew Shay said in a statement.

According to Forbes Magazine, this year could be Cyber Monday’s swan song, with Black Friday possibly surpassing Cyber Monday in online sales for the first time as online shopping becomes less of a special occasion.

Revenues form this year’s Cyber Monday expected to hit $2.6 billion.

Click here to see the full survey.

2014 Thanksgiving Weekend Shopping Statistics

With files from Richard Southern and Toronto staff