Cyber Monday Spending Falls as Deep Discounts Fail to Materiali

U.S. shoppers spent a total of $10.7 billion on Cyber Monday, the digital version of Black Friday that kicks off the digital holiday shopping season, according to data from Adobe. 

The total was down 1.4% year over year as Americans weren’t trapped indoors the same way they were this time last year during the middle of the Covid-19 pandemic. 

“With early deals in October, consumers were not waiting around for discounts on big shopping days like Cyber Monday and Black Friday,” said Taylor Schreiner, Director, Adobe Digital Insights. “This was further fueled by growing awareness of supply chain challenges and product availability.

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