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These include New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving, and Christmas. Businesses often close or grant paid time off for New Year's Eve, Christmas Eve, and the Day after Thanksgiving, but none of these are federal holidays. Other federal holidays are less widely observed by businesses.
The term "Cyber Monday" was coined by Ellen Davis, [6] [7] and was first used within the ecommerce community during the 2005 holiday season. [8] According to Scott Silverman, the head of Shop.org, the term was coined based on 2004 research showing "one of the biggest online shopping days of the year" was the Monday after Thanksgiving (12th-biggest day historically). [9]
The following holidays are observed by the majority of US businesses with paid time off: New Year's Day, New Year's Eve, [ 2] Memorial Day, Independence Day, Labor Day, Thanksgiving, the day after known as Black Friday, Christmas Eve and Christmas. There are also numerous holidays on the state and local level that are observed to varying degrees.
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