Where Did The Name Cyber Monday Come From?
The name “Cyber Monday” was first time used by Ellen Davis, the former President of NRF foundation and the executive vice-president of industry engagement at the Consumer Brands Association.
She used the term in 2005 to describe the Monday after Thanksgiving and Black Friday as one of the busiest online shopping days of the year.
On the other hand, according to the head of Shop.org Scott Silverman, the term was created based on a study conducted in 2004, where the first Monday after Thanksgiving was described as the biggest and busiest online shopping day of the year.
Cyber Monday debuted on 28th November 2005 on a press release of Shop.org.
Eventually, it gained tremendous popularity among Americans and became the biggest online shopping day before Christmas.
[Do You Know? The Majority of Cyber Monday Shoppers Are Men. The Percentage Is Almost 60]
What Are The Main Differences Between Cyber Monday & Black Friday?
1. Black Friday Is An Old Idea, While Cyber Monday Is New:
Black Friday is an idea of the 20th century. It became popular in 1961, during the days of the shopping season for Christmas, which occurred the day after Thanksgiving.
At that time, Police in Philadelphia and Rochester used the term “Black Friday” to describe the massive crowd gatherings and traffic jams on the first Friday after Thanksgiving.
The day was a headache for the police administration.
On the other side, Cyber Monday is quite a new idea, originated in 2005. However, within a very short span of time, it is getting bigger and bigger.
2. Black Friday Represents Both Online & Offline Sales, While Cyber Monday Only Online:
Black Friday’s history is quite long, even far before the use of the Internet. Therefore, it represents both online and offline sales.
However, Cyber Monday is born because of the Internet and hence, it represents only digital transactions.
[Do You Know? Even After Covid 19, November 30th, 2020’s Cyber Monday Was The Biggest Online Shopping Day In The History of The United States. On That Single Day, Overall Spending Was 10.7 Billion Dollars]