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shopping18h ago
Despite economic uncertainty, Cyber Monday could break spending records
- Adobe estimates U.S. online spending on Cyber Monday will reach $14.2 billion, up 6.3% from 2024.
- Salesforce projects Cyber Monday online sales at $13.4 billion in the U.S. and $53.7 billion globally.
- Discounts are expected to remain elevated through Cyber Monday, sustaining the biggest online shopping day of the season.
- Buy now, pay later loans could drive about $20.2 billion in online holiday spending.
- Mobile devices are expected to account for 58% of online holiday spending.
- Cyber Monday is part of a broader Cyber Week trend driving higher retail spending overall.
- Consumers may buy fewer items but spend more due to higher prices and “big ticket” purchases.
- Thanksgiving-to-Cyber Monday spending has been strong, with Black Friday and weekend online totals highlighted by analysts.
- The holiday season is projected to push U.S. shoppers over $1 trillion in spending for the first time.
- The report notes a rise in credit card debt and financing trends influencing spending.
- The analysis emphasizes AI and digital assistants aiding consumer choices this season.
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