Still looking for deals on holiday gifts? Retailers are offering discounts on Cyber Monday

Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday.  

Even though e-commerce is now part and parcel of our everyday lives and much of the holiday shopping season, Cyber Monday –- a term coined back in 2005 by the National Retail Federation –- continues to be the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel it.  

For several major retailers, the “Cyber Monday” sale is a days-long event that begins over the weekend. Amazon's, for example, kicked off on Saturday and runs through Monday. Target's two-day event began overnight on Sunday, while Arkansas-based Walmart kicked off its most recent discounts Sunday evening.  

Consumer spending for Cyber Week — the five major shopping days between Thanksgiving and Cyber Monday — provides a strong indication on how much shoppers are willing to spend during the holiday season.