Does Cyber Monday Mean a Good Fourth Quarter?
For years the market has been gauged using Black Friday as a thermometer to see how “hot” the last quarter of the year will be. Recently another gauge has come on the horizon to measure the temperature of the 4th quarter and feel the mood of consumers. It is called Cyber Monday and it falls on the Monday following Thanksgiving. Cyber Monday is revealing significant internet profit increases because consumers are still searching for online deals and markdowns, after their long weekend of traditional shopping. At the week’s end on Saturday, statistics were showing a 2.5% increase in U.S. brick…