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Online Retailers Primed for Cyber Monday

NEW YORK ( TheStreet -- Black Friday may be in full swing, but online retailers are eagerly anticipating Cyber Monday, hopeful of a major revenue boost as consumers cautiously re-open their wallets.

Cyber Monday, the Monday following the Thanksgiving holiday, is the e-commerce equivalent of Black Friday, traditionally marking the start of the online holiday shopping season. Keen to gain any advantage in a cut-throat economy, however, retail's biggest names are stretching the concept of traditional shopping 'days'. Online retail giant Amazon (AMZN - Get Report), for example, launched its Black Friday deals page earlier this week, and will start offering its 'Cyber Monday' deals on Sunday.

Even brick-and-mortar companies are overhauling their online efforts, with J.C. Penney (JCP - Get Report) expanding its 'Cyber Monday' sale to two days, starting on Sunday. Retail giant Wal-Mart Stores (WMT - Get Report) is also offering an entire 'Cyber Week' of offers on its Walmart.com Web site.

Wal-Mart spokesman Ravi Jariwala told TheStreet that the 'Cyber Week' promotion encompasses more than 100 products, most of which will be revealed on Monday.

Amazon rival eBay (EBAY - Get Report) is also launching an online shopping offensive, recently announcing '12 Days of Deals' starting on Black Friday. The San Jose, Calif.-based eBay also unveiled a special 'deals' application for Apple (AAPL )'s iPhone and iPod touch devices earlier this week, and expects that more than $500 million of eBay merchandise will be purchased via mobile devices by the end of this year.

Almost 90% of retailers will have a promotion for Cyber Monday, according to the National Retail Federation's Shop.org division, up from 83.7% last year and 72.2% in 2007.
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SYM TRADE IT LAST %CHG
AAPL $125.69 -0.25%
AMZN $436.72 0.16%
EBAY $61.98 0.36%
JCP $9.16 4.93%
WMT $73.79 1.74%

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