Cyber Monday spending in US to hit $14.2 billion, Adobe Analytics forecasts
Reuters
Dec 01
Cyber Monday spending in US to hit $14.2 billion, Adobe Analytics forecasts
Dec 1 (Reuters) - U.S. shoppers are expected to spend $14.2 billion on Cyber Monday, a report from Adobe Analytics predicted, as budget-strained consumers lap up online discounts.
Americans will spend 6.3% more online from a year earlier, on Cyber Monday, which is traditionally seen as the country's biggest online shopping day, marking the finale of the Thanksgiving shopping weekend.
(Reporting by Chandni Shah in Bengaluru; Editing by Anil D'Silva)
((chandni.shah@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.