Cyber Monday, the biggest online shopping day of the year, set a new record for e-commerce sales in the United States. According to data from Adobe Analytics, consumers spent a staggering $11.6 billion online on Cyber Monday, marking a 5.8% increase from the previous year’s record of $10.7 billion. The surge in online shopping was driven by a combination of factors, including deep discounts offered by retailers, the convenience of shopping from home, and the growing popularity of mobile commerce. Adobe reported that mobile devices accounted for a significant portion of Cyber Monday sales, with smartphones and tablets generating $3.8 billion in revenue. The top-selling categories included toys, electronics, and apparel. Despite concerns about inflation and economic uncertainty, consumers showed a strong appetite for online shopping during the holiday season. Retailers are now gearing up for the final stretch of the holiday shopping season, with many offering additional promotions and deals to attract shoppers.
Source: https://www.cnn.com/2024/12/03/business/cyber-monday-record-sales/index.html