Cyber Monday shoppers to spend record £1.5bn as spending matches High Street for first time

CYBER Monday bargain-hunters are expected to spend a record £1.5billion online as web shopping matches high-street spending for the first time.

Buyers will snap up goods via phones, tablets and laptops as eight in ten retailers cut prices.


Cyber Monday will see online shopping match high streets for the first time[/caption]

They will swamp websites in a blowout almost 50 per cent bigger than Black Friday’s £1.1billion, a Centre for Retail Research study predicts.

It says £1.5billion will also be spent in shops, but almost half will go on supermarket food.

Cyber Monday is set to be Britain’s biggest online spending day yet — 21 years after Amazon launched in the UK.

CRR director Prof Joshua Bamfield, said: “Online spending will match offline spending for the first time.

“It’s a landmark for online retail. Factors en­couraging spending are payday having just happened and people realising Christmas is just three weeks away.”

Debenhams admitted: “Shopping generally is shifting from stores to online.”

The British Retail Consortium said: “Retailers are facing a sustained drop in footfall in the ongoing transformation of the industry.”


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