Cyber Monday Approaches as Holiday Shopping Sets Records

Updated: 11/26/2012 10:25 AM By: Naomi Pescovitz

The big Black Friday shopping weekend has come to a close, but don't let the clock fool you, the shopping is far from done.

Cyber Monday logs in at midnight and the National Retail Federation is expecting the national online shopping day to set records. 129.2 million shoppers say they will shop online Monday, up from 122.8 million last year. 85 percent of retailers will have a special Cyber Monday promotion.

In store and online, shoppers have been warming up all week.

"Stuff that may have cost close to 40 bucks, she paid 17 bucks, we got a really good deal," said Cynthia Rice while shopping with her daughter at Rosedale Center Sunday.

A record 247 million shoppers spent more than $59 billion dollars this Black Friday weekend, almost $7 billion more than last year.

However, sales were down 1.8 percent on Black Friday compared to last year, likely because many shoppers chose to spend on Thanksgiving.

Jim Randall is the Chief Operating Officer of FilterQuik, a company that makes coffee filter dispensers and sells them at Rosedale Center. He started holiday season sales at 5 a.m. on Black Friday but sees the value in opening earlier. 

"The more people you can get to see your product... The holiday season, it's what three months? Four months at the max? I think you want to take advantage of every minute that you can," Randall said.