Cyber Monday Sales Flat, Smaller Discounts Curb Incentive to Spend Online
#consumer #spending #savings #online
"Many online retailers offered fewer discounts because of limited inventory, while more shoppers returned to brick and mortar stores where discounts were higher"-- Paul Ebeling
US online sales were flat throughout Cyber Monday, as smaller discounts gave shoppers less incentive to spend, but analysts say sales could finish slightly higher than last year by the time West Coast shoppers finish for the night.
Shoppers spent $7.1-B online as of 9p EST in the US, according to transaction data compiled by the Adobe Digital Economy Index.
Shoppers are expected to spend up to $11.1-B on Cyber Monday, Adobe said. American consumers spent $10.8-B online last yr.
Have a prosperous day, Keep the Faith!
Larry Fink Called It. CME Just Made It Real. The Compute Futures Market Has Arrived
The Quantum-AI Convergence Is Real. The Quantum Stocks Aren't the Trade.
Saudi Arabia Climbs to 2nd in G20 ICT Regulatory Index
Knightsbridge Digital Asset: Expanding Use Cases in a Dynamic Financial Ecosystem
Every story, signed and delivered.
Subscribe to the kxco channel and get the headline, the AI-written key takeaways, and the chain-anchor link the moment we publish. Audio versions and per-ticker subscriptions arrive in the next iteration.