Cyber Monday set to be busiest ever online shopping day

Midlands online retailers are preparing for what they call the biggest day for online shopping today, also known as Cyber Monday.

Online retailers from across the region will today reduce a significant number of items in price as they prepare for the Christmas rush.

Cyber Monday expected to be the busiest day of the year for online retailers Credit: Chris Radburn/PA Wire

Cyber Monday facts and figures

  • Today could well be the busiest day ever for online shopping in the UK
  • Online shopping is up 10.1% in 2013 compared to 2012, according to Barclaycard
  • Half a billion expected to be spent by online shoppers
  • The first Monday in December last year was the highest day of online spend in Barclaycard's history - consumers spent an average of £57 per transaction
  • Online electronic stores - up 66.5%, online family clothing stores - up 35.4% and online department stores - up 31.5%, saw the biggest increases in spending
  • Full Christmas sales estimated to be £72.2billion, an increase above 2% on last year, according to the Centre for Retail Research
  • Visa Europe predicts £450 million will be spent on its cards alone
  • Online transactions could top 7.7 million, an increase of 16% on last year
  • An average of £312,500 is expected to be spent every minute, Visa said
  • UK consumers will make 113 million visits to online retail sites today, online analyst Experian claims