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Cyber Monday arrives -- and thrives

Shoppers continue their holiday spending spree.

By Karen Datko Nov 29, 2010 4:18PM

This post comes from Melinda Fulmer of MSN Money.

 

Recession? What recession? Cyber Monday is here and consumers are still shopping in force, according to retail experts. They're just doing it on the sly at their desks at work.

According to Graham Jones, a vice president at PriceGrabber.com, online traffic from his company's comparison site to retailers is up between 15% and 20% today from last year (roughly the same increase they saw on the much more heavily promoted Black Friday).

 

"People are not shopped out," Jones says, despite numbers from the National Retail Federationthat showed a 6% uptick in spending on Black Friday and the largest mall crowds in six years. Post continues after video.

Moreover, he says, that boost in spending comes despite a slight increase in prices this year for many popular products such as Ugg boots, video game consoles, luxury handbags, Blu-ray and MP3 players, and some SLR digital cameras and lenses.

 

Is anything cheaper this year? Jones says you can find better deals this year on Droid and BlackBerry smart phones, jewelry, watches and LCD televisions, as well as netbooks and laptops as the iPad eats away at demand.

 

And, Jones says, if you didn't buy one of the hotter items on Black Friday, chances are it will be discounted today, along with some other items that didn't make the cut on Black Friday.

 

You'll also find good deals from small- to medium-sized retailers that didn't want to compete with the giant discounters on Black Friday.

 

Indeed, with retailers carrying more inventory this year, there's a chance that you could see even more discounting in the weeks ahead. That's why Jones recommends setting up price alerts on his company's site to tell you when the items you're eyeing go down in price. And don't forget to look for coupon codes to pair with those deals at sites such as Cybermonday2010.com.

 

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