Cyber Monday shoppers expected to set record on biggest day for online shopping

Cyber Monday, first coined in 2005, has evolved into the biggest online shopping day of the year, showcasing the deals and hype that drive consumer engagement.

Adobe Analytics predicts a record $13.2 billion in consumer spending this Cyber Monday, reflecting a 6.1% increase from last year, indicating robust online sales growth.

Despite post-pandemic inflation leading to heightened prices, consumer spending remains strong for Cyber Week, showcasing the resilience of holiday shoppers in a challenging economic environment.

Rising credit card debt and delinquency rates indicate a potential consumer shift towards 'buy now, pay later' options this holiday season, highlighting changing shopping behaviors.

Read at ABC7 San Francisco