Savvy Shoppers Won't Wait for 'Cyber-Monday' to Hunt for Bargains Online; Circuit City Survey Shows Many Consumers Search Web Ea
20 November 2006 - 2:43PM
PR Newswire (US)
RICHMOND, Va., Nov. 20 /PRNewswire-FirstCall/ -- A new national
survey commissioned by Circuit City Stores, Inc. indicates many
consumers will be trolling the Web for bargains before "Cyber
Monday," the traditional beginning of the online holiday shopping
season. "We don't dispute that 'Cyber Monday' is still a phenomenon
in the marketplace, and we will offer great Web-only specials that
day," said David Mathews, who heads up the Circuit City Web site as
president of Circuit City Direct. "But our experience shows that
online shoppers aggressively search for holiday gifts earlier.
We'll offer hundreds of Web specials for the holidays and we won't
wait until the Monday after Thanksgiving to start posting them. In
fact, many of the special promotions featured in Circuit City's
highly anticipated Thanksgiving Day newspaper circular will be
available that very same day at http://www.circuitcity.com/."
According to the Circuit City survey, two thirds of American
consumers hunt for bargains on Thanksgiving weekend. A majority of
that group (57 percent) reported they will shop in stores and
online. Thirty-six percent said they hunt for Thanksgiving weekend
bargains only in stores. Seven percent of Thanksgiving weekend
bargain shoppers conduct their search exclusively online. "Cyber
Monday" is the accepted term for a trend that developed several
years ago, when consumers would head back to work after the long
Thanksgiving holiday weekend and shop for holiday gifts online. The
"Circuit City Cyber Shopping Survey" was commissioned by Circuit
City Stores, Inc. and conducted on the Internet by Decision
Analyst, Inc. of Arlington, Texas. The survey's margin of error is
plus or minus two percentage points. About Circuit City Stores,
Inc.: Circuit City Stores, Inc. is a leading specialty retailer of
consumer electronics and related services. The domestic segment
operates through 638 Superstores and five other locations in 158
U.S. markets. The international segment operates through more than
950 retail stores and dealer outlets in Canada. Circuit City also
operates Web sites at http://www.circuitcity.com/,
http://www.thesourcecc.ca/ and http://www.firedog.com/. (Logo:
http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO)
http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO
http://photoarchive.ap.org/ DATASOURCE: Circuit City Stores, Inc.
CONTACT: Jim Babb, Media Relations of Circuit City Stores, Inc.,
+1-804-527-4003 Web site: http://www.circuitcity.com/
http://www.thesourcecc.ca/ http://www.firedog.com/
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