This holiday season, sales are set to reach $1.1 trillion, according to a survey by Deloitte, and the typical shopper expects to spend more than $1,000 during November and December, according to the National Retail Federation. Much of this money will be spent on online-shopping-focused Cyber Monday, which falls on December 2 this year.
Sales are expected to increase 18.9% from last year and reach $9.4 billion.
"Cyber Monday is interesting because it typically has more deals than Black Friday, but not [as many as] Thanksgiving," says Michael Bonebright of DealNews.com.
Researchers expect the wide range of discounts, which you can snare from your couch or cubicle, will push more than 68 million people to shop on Cyber Monday this year. If you're one of those shoppers, it's important to know what products will offer the best deals. For example, if you're shopping for a smart home device like an Amazon Echo Dot or a small kitchen appliance like an Instant Pot, Black Friday may be a better bet.
Video by Ian Wolsten
But there are still plenty of good deals to take advantage on this Cyber Monday. Here's what experts say you should buy on the Monday after Thanksgiving.
"Clothing is, without a doubt, one of the best Cyber Monday buys you can make," says Kristin McGrath, shopping expert at Offers.com
Old Navy will offer 50% off everything, online only, on December 1 and December 2. Nordstrom plans to offer web deals on select items, including a Sam Edelman ankle boot discounted from $129.95 to $77.90. A Marc Jacobs tote will be marked down from $395 to $149.97.
On Black Friday, deals are more product-specific. On Cyber Monday, clothing retailers often offers site-wide discounts between 25% and 50% off.
"Lenovo, HP, and Dell all have strong Cyber Monday sales that last the better part of Cyber Week," McGrath says. For example, at Walmart, a Lenovo IdeaPad will be discounted from $500 to $349. At Target, an HP 11.6" Chromebook will be half price, after a discount from $199.99 to $99.99, and at Best Buy, a Dell 15.6" touch-screen laptop will be on sale for $279.99 down from $449.99.
As with televisions, be sure to check the model and brand, McGrath says: Many sales may be on low-quality products.
Expect great deals on flights, hotels, and popular attractions on Cyber Monday. Flight deals vary greatly based on destination and dates, but "if your plans are flexible in the early new year, you could get a tropical or resort getaway for upwards of 50% off," McGrath says.
Some hotels are already advertising their discounts. For example, on Cyber Monday, the Peninsula Chicago will offer 30% off regular room rates for stays between December 15 and April 30.
According to research from Hopper, though, the Tuesday after Thanksgiving, also known as Travel Tuesday, actually offers the most discounts for popular travel destinations like Tokyo, Rome, and Reykjavik. A round-trip flight going to Tokyo, for example, was, on average, 57% cheaper when bought on the Tuesday after Thanksgiving. So it may pay off to wait another day.
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