To view this email as a web page, click here. ![]()
Green Monday refers to one of the retail industry's busiest shopping days, occurring on the second Monday in December. Green Monday represents the day many shoppers rush to purchase last-minute holiday gifts and take advantage of deals.
Share today's term with your network:
Why is 'Green Monday' the Term of the Day? ![]() Scott Heins / Stringer / Getty Images The "green" in Green Monday was intended to convey two associations: green for dollars, and green for environmentally friendly, for those who believe online shopping is more eco-friendly than shopping in brick-and-mortar stores.
“It’s considered the second biggest day for online holiday shopping after Cyber Monday, and online shopping is regarded as more environmentally friendly than driving from store to store,” observes Nancy Brenner, a New York City sample sale and retail expert.
Retail data and pricing analytics firm DataWeave has been tracking Green Monday sales and says it has become “an all-week event with discounts peaking on Green Monday and tapering off before a resurgence” on the day after Christmas, according to Krish Thyagarajan, DataWeave’s president and COO.
However, supply constraints could bite into deals this year. “The deals we remember from five years ago are not happening now because of the supply chain constraints,” says Marie Driscoll, Managing Director of Luxury and Fashion at Coresight Research, a retail and technology research firm.
-Jill SPONSORED BY NYSE We've built the world's largest and most trusted equities exchange, the leading ETF exchange and the most deterministic trading technology. Our expertise, data and technology help leaders and visionaries capitalize on opportunity. Learn More
RELATED READING More on Green Monday
SPONSORED BY NYSE In the past 5 years, we’ve raised more capital for tech companies than any other exchange. Will you be next? Learn More
PODCAST Latest from The Investopedia Express On the show this week, Raoul Pal, economist, investor, futurist and co-founder of Real Vision joins the show to share his perspective on the current sell-off, recession risks, and the future of crypto. Plus, we put the market's current spin-cycle in historical perspective and look for signs that the selling may be peaking. Are we "oversold", yet? How can we improve the Term of the Day? Tell us at term@investopedia.com Were you sent this by a friend? Click here to subscribe. You are receiving this newsletter because you subscribed to the Term of the Day newsletter. If you wish to unsubscribe, please click here.
A DOTDASH BRAND 28 Liberty Street, 7th Floor, New York, NY 10005 |