Black Friday VS Cyber Monday
Taylor Rouse
Mrs. Straub
AP Economics
Black Friday VS Cyber Monday
Black Friday is the most popular shopping day of the whole year followed by Cyber Monday. However, the popularity of Cyber Monday has grown immensely. Cyber monday has only been around for 11 years and has grown to become one of the most popular shopping days of the year. According to forbs.com “Cyber Monday sales grew 12% from 2014-2015 and Black Friday only grew 10% from 2014-2015.” In addition “Thanksgiving weekend, up from 151 million shoppers in 2015. NRF's annual Thanksgiving weekend survey conducted by Prosper Insights found that 44 percent went online and 40 percent shopped in-store”(Thanksgiving). People feel that Cyber Monday has way more pros than Black Friday and are starting to switch to online shopping.
The economic background of both these days are very interesting. In the short term there is an overall economic growth during this time of the year. The term Black Friday has been around ever since the 1960’s. According to Black Friday History “‘Black’ refers to stores moving from the “red” to the ‘black,’ back when accounting records were kept by hand, and red ink indicated a loss, and black a profit. Retailers saw an opportunity to draw in the huge crowds by participating in Black Friday. Another way retailers drew in customers was creating online sales. The term Cyber Monday has been around since 2005. The name was created by National Retail Federation to create a catchy name for online retailers to promote their deals following Black Friday. 
Nowadays people are switching from traditional Black Friday shopping to online shopping. Cyber monday creates a more convenient shopping experience for customers. This is because websites are more convenient than stores, more deals and promotions are found online, and more people have mobile devices which makes it easier to shop online. Hot items that sell out quickly are often still available online. The opportunity cost of people would be sitting in the comfort of your own home ordering products online versus standing in long lines next to people who would fight you for a new TV. People also have to make marginal decisions to decide how the next hour of free time is going to be spent. If you're into the adventure and hustle of finding a fast deal, Black Friday is right up your alley, but if you'd rather shops for deals online at the comfort of your own home, then Cyber Monday is more up your alley.
Work Cited
"Cyber Monday Set To Be Largest Shopping Day In History." Forbes. Forbes Magazine, n.d. Web. 28 Nov. 2016.
"The History of Black Friday." The History of Black Friday. N.p., n.d. Web. 28 Nov. 2016.
Black Friday vs. Cyber Monday. Digital image. AddThis. N.p., n.d. Web
Barr, Alistair. "Cyber Monday Sales Surge to New Record." USA Today. Gannett Satellite Information Network, 03 Dec. 2013. Web. 28 Nov. 2016.
"Holiday Headquarters." National Retail Federation. N.p., n.d. Web. 28 Nov. 2016
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