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Bargain hunters gearing up for Cyber Monday

The term was coined in 2005 after online sales saw a 25% increase from 2004 the Monday after U.S. Thanksgiving.

The premise of the ceremonial start to the cyber shopping season is that people can go online and get deals on items they were unable to find on Black Friday.

The event is sponsored by U.S. National Retail Federations shop.org division.

This year the site lists over 650 retailers who are offering digital deals.