Posted on 12/01/20
| News Source: Newsmax
Online shoppers in the U.S. spent $10.8 billion on Cyber Monday, missing Adobe Inc.’s original projection by almost $2 billion, evidence that retailers pulled sales forward by offering deals earlier than usual.
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Still, the gusher of online spending was a record, rising 15% from 2019.
“Cyber Monday continued to dominate the holiday shopping season, becoming the biggest online shopping day in U.S. history, despite early discounts from retailers,” Taylor Schreiner, director of Adobe Digital Insights, said in a statement. “Throughout the remainder of the holiday season, we expect to see record sales continue and curbside pickup to gain even more momentum as shoppers avoid crowds and potential shipping delays.”
Hot sellers included toys such as Lego sets and scooters, video games like Super Mario 3D All-Stars, and electronics including Apple AirPods, Hewlett Packard & Dell Computers and Chromecast, Adobe said.
Read more at NEWSMAX.