Black Friday Vs. Cyber Monday: Toward A New Shopping Calendar

first_imgThe Rise and Rise of Mobile Payment Technology Related Posts What it Takes to Build a Highly Secure FinTech … christina ortiz Are Black Friday and Cyber Monday fighting a battle neither of them can win? It certainly looks that way as shopping landscape shifst both online and offline. A few holiday seasons down the road, both big-deal days may seem as quaint and dated as Sears Catalogs and keeping stores closed on Sundays. Enter Cyber Monday The term “Cyber Monday” was born during the holiday season of 2005, when the U.S. Trade Association’s National Retail Federation began to notice that shoppers who had just spent the entire Thanksgiving weekend barreling through crowded stores, were cyber-shopping when they sat down at their work computers on the following Monday. The federation’s site officially coined the term in 2005 and set up an eponymous site in 2006. Obviously, post-Thanksgiving online shopping at work had been going on long before the NRF put a name on it. But it’s grown into something bigger and more influential, not only changing the way Black Friday works, but also the way retail stores handle the holiday shopping season. Cyber Monday revealed the biggest weakness in the Black Friday concept: brick-and-mortar. What used to be an asset is now hurting this once powerful shopping day as harried workers rebel against early hours and ornery customers fighting over flat screens. Add on the fact that retailers are now expanding Black Friday into Thanksgiving evening, and you’ve got one messed up system. That’s why Black Friday is now projected to be only the second busiest shopping day of the year, behind Cyber Monday. Research from Compuware APM pegs total spending on Cyber Monday at $1.44 billion. But what about Cyber Monday? Does it even make sense?In the modern world, it doesn’t matter what day it is, wherever you are, you can shop the holiday sales from anywhere as long as you’re connected. Most shoppers now have decent Internet connections from home, and as Dan Rowinski pointed out last week, mobile shopping now accounts for about 12% of the purchases made on Cyber Monday. Obviously, you don’t need to be back at work to use your smartphone.Et Tu, Target? So what’s the future of Cyber Monday in a world where office computers are not required to buy online? Retailers are recognizing this and beating Cyber Monday to the punch by starting sales earlier – both online and in store. The sales calendars don’t matter any more, but that doesn’t mean retailers won’t try to leverage the ideas with sales and deals tied to no-longer-relevant concepts.Online-only sites like Amazon are morphing Cyber Monday into Cyber Week. They’re posting new deals every day leading up to Black Friday or during the week following Cyber Monday to help keep the shopping excitement going longer. Brent Shelton, a spokesman for FatWallet, told the Daily Finance Blog that we should be expecting events like “Cyber Monday II” on December 5. Whether it’s longer sales online or in store, the retail calendar we follow today won’t stand the test of time. And that’s probably a good thing compared to getting up at 4am to stand in line at Wal-Mart – or spending your work day on eBay.Image courtesy of Shuttershock.center_img Tags:#Amazon#e-commerce Why IoT Apps are Eating Device Interfaces Role of Mobile App Analytics In-App Engagementlast_img read more

Police lathi charge on Congress workers in Chhattisgarh

first_imgThe Congress launched protests in different parts of Chhattisgarh on Wednesday after a video of an alleged police attack on party workers in Bilaspur on Tuesday went viral on social media.“The police entered the Congress Bhavan in Bilaspur on Tuesday evening and trashed the Congress workers brutally. The incident took place when Congress workers were conducting a meeting after a symbolic protest in front of Chhattisgarh minister Amar Agrawal’s residence in Bilaspur against his appalling remarks about the party. The video of the incident shows how brutally the policemen attacked Congress workers,” party spokesperson R.P. Singh told The Hindu.Congress president Rahul Gandhi tweeted the video of the incident on his official Twitter account and said, “Authoritarianism has become the profession of the Narendra Modi government. The attack on the Congress workers’ fundamental rights in Bilaspur by Raman Singh government will be remembered by the people as a political assault.”Senior Congress leader and the general secretary in charge of Chhattisgarh P.L. Punia termed the incident as a “barbaric act” and demanded CM Raman Singh’s resignation.“Never happened in India. For the first time, peaceful party workers were beaten up inside the party office. Raman Singh has lost all balances. It is time for him to quit. Should try to go with some grace,” Mr. Punia tweeted.Meanwhile, the Chief Minister has condemned the incident and ordered a magisterial probe.Congress leader Shailesh Nitin Trivedi claimed that “BJP ki HitlarShahi” trended on Twitter on Wednesday after the incident.The Congress has called an emergency PCC meeting in Bilaspur on Thursday to possibly announce the launch of a state-wide agitation.last_img read more

BCCI may lose 2000 cr on Kochi termination: Modi

first_imgFormer IPL commissioner Lalit Modi has again fired a salvo at BCCI bigwigs Sashank Manohar and current president N. Srinivasan for the “mess” created due to termination of IPL franchise Kochi Tuskers Kerala.The BCCI on Monday decided to terminate the IPL contract of Kochi franchise due to non-payment of bank guarantee.”Kochi now being terminated – a further loss of 1500 crores to BCCI. Compounded by reduction in Media Rights. My estimate 2000 crores. Who is responsible for this mess now? Current President and outgoing President for sure. Who will they blame now for this. Where is the accountability and who will take responsibility,” Modi wrote on his twitter page.Terming himself as a self-proclaimed whistle blower about the shady dealing related to Kochi, Modi wrote in his blog: “Now, 18 months later, the BCCI has terminated the Kochi contract on the basis of an unpaid bank guarantee which, according to new President, N. Srinivasan, “….is not capable of being remedied.””As a consequence, the BCCI now stands to lose more than US 300 million by virtue of reduced commercial revenue because Kochi’s suspension means fewer teams and therefore games – not to mention a loss of credibility for the IPL itself,” he saaid.Modi stated that he now wants to know as to who will own the responsibility for this mess.”It is a situation that could have been avoided but what it shows is that the unsubstantiated accusations made against me suggesting I imposed ‘onerous’ conditions purely to try and manipulate the bidding process towards my preferred bidders has been shot to pieces.”advertisementlast_img read more