Conservative Guard
  • Home
  • Breaking News
  • US
  • World News
  • China
  • Business
  • Politics
  • Crime
  • Finance
  • Entertainment
No Result
View All Result
  • Home
  • Breaking News
  • US
  • World News
  • China
  • Business
  • Politics
  • Crime
  • Finance
  • Entertainment
No Result
View All Result
theTotalStory | Conservative News & Opinion
No Result
View All Result
Home Finance

Cyber Monday Sets $11.3 Billion Record

Conservative Guard by Conservative Guard
November 29, 2022
in Finance
0
Cyber Monday Sets $11.3 Billion Record
7
VIEWS
Share on FacebookShare on Twitter

Discount-hunting shoppers snapped up more Pokemon cards, TVs and air fryers on Cyber Monday, pushing sales to $11.3 billion, making it the biggest U.S. online shopping day in history, according to data from Adobe Analytics.

Sales, not adjusted for inflation, rose 5.8% from a year ago, per data from Adobe Analytics, which measures e-commerce performance by analyzing purchases at 85% of the top 100 internet retailers in the United States.

While retailers started promotions and discount offers as early as October to induce more sales, turns out inflation-weary shoppers had largely put off their holiday shopping until the Black Friday weekend and Cyber Monday in hopes of finding the best deals.

Major retailers including Target, Macy’s and Best Buy have signaled a return to pre-pandemic shopping patterns during traditional single-day shopping events.

Toys were the hottest products on Cyber Monday, their online sales jumped nearly eight-fold compared to an average day in October 2022, according to the Adobe Analytics report.

Electronics sales rose about five-fold, while sporting goods, appliances and books also saw increases over 400%.

Pokemon cards, Hot Wheels, PlayStation 5s, Smart TVs and Apple AirPods were among the best-selling products.

About 196.7 million shoppers made purchases during the five-day holiday period from Thanksgiving Day through Cyber Monday, the National Retail Federation said on Tuesday.

Canada’s Shopify Inc said its merchants recorded $7.5 billion in sales globally from Black Friday through Cyber Monday.

Still, some experts were not convinced that a bright Cyber Monday was a sign of inflation easing its burden on consumer sentiment.

“Online shopping still makes up only about 15% of all retail sales. So it is not necessarily a great indicator of the health of the economy overall,” said Dan North, senior economist at global trade credit insurer Allianz Trade North America.


© 2022 Thomson/Reuters. All rights reserved.

Related

Previous Post

Thanksgiving Weekend Sees Record 197 Million Shoppers

Next Post

A rich history of 125 years of holiday chess at Hastings

Next Post
A Rich History Of 125 Years Of Holiday Chess At Hastings

A rich history of 125 years of holiday chess at Hastings

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 11.3k Subscribers
  • Trending
  • Comments
  • Latest
Former Arizona State Student Appeals Conviction For Distributing Constitution Copies

Former Arizona State Student Appeals Conviction for Distributing Constitution Copies

January 27, 2023
Ukraine Attacks Russia’S Hold On Southern City Of Kherson

Ukraine attacks Russia’s hold on southern city of Kherson

October 27, 2022
Remote Work Scams Target Laid-Off Americans With Fake Interviews

Remote work scams target laid-off Americans with fake interviews

January 27, 2023
Amazon To Warn Customers On Limitations Of Its Ai

Amazon to Warn Customers on Limitations of Its AI

November 30, 2022
Tensions Rise On Peninsula Over Fears North Korean Eyeing ‘Tactical’ Nukes With New Policy

Tensions rise on peninsula over fears North Korean eyeing ‘tactical’ nukes with new policy

0
Times Square May Get One Of The Few Spectacles It Lacks: A Casino

Times Square May Get One of the Few Spectacles It Lacks: A Casino

0
Border Containers 34754 C0 435 5219

Arizona refuses U.S. demand to remove shipping containers from border

0
How Finnair’s Huge Bet On Faster Flights To Asia Suddenly Came Undone

How Finnair’s Huge Bet on Faster Flights to Asia Suddenly Came Undone

0
Us Weighing Decision To Shoot Down Chinese Spy Balloon Over Atlantic Ocean, Official Tells Fox News

Pentagon reveals details on how Chinese spy balloon was taken down with single shot

February 4, 2023
Doug Williams, First Black Super Bowl-Winning Qb, Likens This Year’S Big Game To Barack Obama’S Election

Doug Williams, first Black Super Bowl-winning QB, likens this year’s big game to Barack Obama’s election

February 4, 2023
Covid-19 Virus Enters Low Prevalence State In China: Official

Xi highlights new pattern of development

February 4, 2023
Democrats Warn Of Election Consequences For Biden After Dnc Votes To Alter Presidential Nominating Calendar

Democrats warn of election consequences for Biden after DNC votes to alter presidential nominating calendar

February 4, 2023

Recent News

Us Weighing Decision To Shoot Down Chinese Spy Balloon Over Atlantic Ocean, Official Tells Fox News

Pentagon reveals details on how Chinese spy balloon was taken down with single shot

February 4, 2023
Doug Williams, First Black Super Bowl-Winning Qb, Likens This Year’S Big Game To Barack Obama’S Election

Doug Williams, first Black Super Bowl-winning QB, likens this year’s big game to Barack Obama’s election

February 4, 2023
Covid-19 Virus Enters Low Prevalence State In China: Official

Xi highlights new pattern of development

February 4, 2023
Democrats Warn Of Election Consequences For Biden After Dnc Votes To Alter Presidential Nominating Calendar

Democrats warn of election consequences for Biden after DNC votes to alter presidential nominating calendar

February 4, 2023

TrendingNews

04Xp Derailment 01 Qzhc Facebookjumbo

Train Derailment in Ohio Sparks Huge Fire and Prompts Evacuations

by Conservative Guard
February 4, 2023
0

North Dakota Bill Would Mandate Schools Show Video On Fetal Development

North Dakota bill would mandate schools show video on fetal development

by Conservative Guard
January 30, 2023
0

New updates

Us Weighing Decision To Shoot Down Chinese Spy Balloon Over Atlantic Ocean, Official Tells Fox News

Pentagon reveals details on how Chinese spy balloon was taken down with single shot

by Conservative Guard
February 4, 2023
0

Doug Williams, First Black Super Bowl-Winning Qb, Likens This Year’S Big Game To Barack Obama’S Election

Doug Williams, first Black Super Bowl-winning QB, likens this year’s big game to Barack Obama’s election

by Conservative Guard
February 4, 2023
0

Browse by Category

  • Breaking News
  • Business
  • China
  • Crime
  • Entertainment
  • Finance
  • Politics
  • US
  • World News

© 2022 www.conservativeguard.com

No Result
View All Result
  • Conservative Guard

© 2022 www.conservativeguard.com

Go to mobile version