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Shoppers ready for Cyber Monday that could set records - KXLF.com | Continuous News | Butte, Montana

Shoppers ready for Cyber Monday that could set records

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(CBS) (CBS)

CHICAGO - Black Friday online sales broke spending records but some say Cyber Monday could be even bigger.

Initial estimates show online retailers pulled in more than $5 billion in sales Friday, CBS Chicago reports.

That's up 17 percent over last year.

But Cyber Monday could break records too with projections of $6 billion in online sales Monday.

According to Fortune magazine, the term was coined in 2005 by the National Retail Federation.

Brick and mortar stores still did okay on Friday with a 1 percent dip in traffic.

Money magazine reports some retailers are expanding their sales past Monday offering a "Cyber Week" worth of deals.

© 2017 CBS Interactive Inc. All Rights Reserved.

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