Cyber Monday spending to surpass Black Friday

Nov 27, 2023, 8:39 AM | Updated: 10:07 am

(CNN) — The Federal Communications Commission on Thursday cracked down on a massive illegal robo...

Economists forecast an 8% jump in Cyber Monday sales this year. (Adobe Stock)

(Adobe Stock)

SALT LAKE CITY — Cyber Monday is here and economists expect online shoppers to spend a lot. Online shopping is likely to bring in more money than Black Friday this year.

Listen live at 11:50!


According to Forbes, more than half of American shoppers skip Black Friday and spend their dollars on Cyber Monday.

Experts anticipate cyber shoppers spending $13 billion this year which is 8% more than last year. Black Friday is estimated to have brought in $10 billion.

Shopping with ease

Economists say Cyber Monday attracts shoppers by avoiding crowds or long lines. Additionally, some online retailers now allow for payment installments.

Over 71 million people are expected to shop online on Monday.

A local impact 

Millions of shoppers will be hitting Amazon looking for deals. A press release from Amazon said that small and medium-sized businesses also see a boost during Cyber Monday. 

Utah has around 7,500 independent sellers on Amazon. Utah-based retailers have sold 93 million products through Amazon in the last 12 months. 

Buyers beware

With the influx of online shoppers, the Better Business Bureau is warning consumers to watch out for online shopping scams.

The most common scams are from merchandise ads on Facebook and Instagram. The BBB urges consumers to do research when buying from an unknown retailer. Many of these scams offer free trials or claim that proceeds support charity. 

Shoppers can keep up with the latest retail scams by reviewing the BBB Scam Tracker

Related reading:



We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Business + Economy

Utah MLB...

Aimee Cobabe

Legislature approves bill funding Utah MLB stadium, Fairpark District

As it reads now, House Bill 562 retains an increased tax on car rentals, but removes a hike in the hotel tax.

20 hours ago

FILE: A "For sale" sign in front of a home in North Salt Lake on Monday, Oct. 30, 2023....

Curt Gresseth

Utah home prices not likely to fall soon, says real-estate expert

Utah home prices are back up and so are interest rates -- and they will stay high says a Utah real-estate expert.

23 hours ago

A nurse works in the laboratory room in El Nuevo San Juan Health Center at the Bronx borough in New...

Tammy Kikuchi

Skeptics have doubts about universal health care model for Utah

One of the biggest concerns is affordability, according to a recent presentation at the Kem C. Gardener Policy Institute.

24 hours ago

Salt Lake City’s downtown skyline on Tuesday, Jan. 30, 2024. Jazz owner Ryan Smith continues to d...

Mariah Maynes

Utah Jazz owner hypes potential “sports-centered” downtown Salt Lake

Ryan Smith, the owner of the Utah Jazz, is hyping up the possibility of bringing more professional sports teams to Utah. 

2 days ago

FILE: An Angel bike given to the family of Eli Mitchell in April, 2023. Mitchell was hit and killed...

Britt Johnson

Families of drunk driving victims fight possible new Utah liquor license legislation

The bill sponsored by Rep. Jefferson Burton would increase the number of liquor licenses issued by the state of Utah.

3 days ago

FILE: Tech workers are feeling a decline in on-the-job happiness according to a new survey. (Getty ...

Tammy Kikuchi

Tech workers report declining job happiness

Tech workers and those in the construction industry are on opposite sides of the a survey on job happiness.

3 days ago

Sponsored Articles

overhead view of a few aisles in a department store...

Big Deal Outlet

There is a Big Deal coming to Midvale: Local discount chain opens 8th store

If you love the thrill of finding good deals, check out the grand opening of Big Deal Outlet in Midvale from February 29 - March 2.

Mother and cute toddler child in a little fancy wooden cottage, reading a book, drinking tea and en...

Visit Bear Lake

How to find the best winter lodging in Bear Lake, Utah

Winter lodging in Bear Lake can be more limited than in the summer, but with some careful planning you can easily book your next winter trip.

Happy family in winter clothing at the ski resort, winter time, watching at mountains in front of t...

Visit Bear Lake

Ski more for less: Affordable ski resorts near Bear Lake, Utah

Plan your perfect ski getaway in Bear Lake this winter, with pristine slopes, affordable tickets, and breathtaking scenery.

front of the Butch Cassidy museum with a man in a cowboy hat standing in the doorway...

Bear Lake Convention and Visitors Bureau

Looking Back: The History of Bear Lake

The history of Bear Lake is full of fascinating stories. At over 250,000 years old, the lake has seen generations of people visit its shores.

silhouette of a family looking over a lake with a bird in the top corner flying...

Bear Lake Convention and Visitors Bureau

8 Fun Activities To Do in Bear Lake Without Getting in the Water

Bear Lake offers plenty of activities for the whole family to enjoy without having to get in the water. Catch 8 of our favorite activities.

Wellsville Mountains in the spring with a pond in the foreground...

Wasatch Property Management

Advantages of Renting Over Owning a Home

Renting allows you to enjoy luxury amenities and low maintenance without the long-term commitment and responsibilities of owning a home.

Cyber Monday spending to surpass Black Friday