"Adobe Analytics reported that as of 6:30 p.m. EST on Monday, U.S. consumers had already spent $9.1 billion online for Cyber Monday, up 4.5% from the same day a year ago. Adobe expects that when the final tally is in, consumers will spend between $13.9 billion and $14.2 billion for the day, making Cyber Monday the biggest online shopping day of the year- and setting records for that day."
"U.S. consumers already spent $11.8 billion online during Black Friday, $6.4 billion on Thanksgiving Day and another $11.8 billion over the weekend - exceeding Adobe's forecasts. Adobe said Monday that it expects the five-day weekend to drive 17.2% of overall online sales this season, at $43.7 billion , up 6.3% compared with the year-ago period. Purchases made across Cyber Week - the five major shopping days between Thanksgiving and Cyber Monday - provides a strong indication of how much shoppers are willing to spend for the holidays."
U.S. consumers spent $9.1 billion online by 6:30 p.m. EST on Cyber Monday, a 4.5% increase year-over-year. Final Cyber Monday spending is expected between $13.9 billion and $14.2 billion, making it the biggest online shopping day of the year. Online spending was expected to peak between 8 p.m. and 10 p.m. local time, with about $16 million flowing through carts per minute nationwide. Electronics and apparel led sales. Black Friday, Thanksgiving Day, and the weekend together delivered $29.9 billion, and the five-day Cyber Week is expected to total $43.7 billion, up 6.3% year-over-year.
Read at Fortune
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