As expected, inflation appeared to be the Grinch who stole Black Friday, as online shoppers, worn down by higher prices, barely spent more per order than last year and placed dramatically fewer of them.
One bright spot for merchants: The portion of orders deemed to be fraudulent dropped dramatically - the number was down 73% compared to a year ago.
Cyber Monday sales remained disappointing by mid-afternoon, with total online sales in Europe falling 2% compared to Cyber Monday 2022, according to commerce protection provider Signifyd.
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