“Cyber Monday” is apparently the new name for the Monday after Thanksgiving, when workers return to the office and start Christmas shoping online from their work computers. It’s apparently growing in importance, as the traditional “Black Friday” (when stores supposedly “climb into the black,” or start making a profit for their fiscal year) loses ground.
We’ll see how this plays out over the next few years, but I suspect it’s going to continue. The Internet has made it possible for anyone to easily obtain just about any information, and a lot of time-honored industries are discovering that they can no longer rely on the ignorance of the masses to charge a ridiculous markup on their products.
Well, the Republican-stacked Supreme Court overturned a 80 year old decision prohibiting price floors recently, so I suspect they’ll have a shovel now to fight the tide with. 😉