Green Monday deals: what to know about this holiday shopping day

There is another day that draws huge crowds and it is closer to Christmas, besides Black Friday.

Green Monday is the second Monday in the month of December. According to Investopedia, it is considered one of the busiest shopping days of the season.

The name comes from eBay. The website claims that this particular Monday was one of the most profitable sales days of the season, which makes it one of the most profitable days of the year. The day is important to shoppers who are rushing to get last minute gifts before major Christmas deadlines.

Green Monday falls on December 13 this year, for example. Both the USPS and Fedex list Dec. 15 as the last day that packages can be shipped and guaranteed to arrive for Christmas.

Target has a $20 discount on customers who spend over $100 on toys.

Amazon is offering several deals on a wide range of products, including 60% off Anne Klein watches.

Retailers are aware of the importance of Green Monday and many will offer holiday sales to attract customers. Some outlets, such as Best Buy, offer deals on Green Monday that are bigger than Black Friday, according to CNET.

Green Monday deals are offered online and in-store because it falls on a weekday, meaning that many potential shoppers are stuck at work during the day.

Sales on Green Monday across the retail industry hit a new high of $1.27 billion in 2012, according to The Street.