Cyber Monday 2022: Record Spending & Mobile Shopping

Cyber Monday 2022: Record Spending Predicted as Online Shopping BoomsCyber Monday is set to be a record-breaking day for online shopping, with Adobe Analytics predicting $14.2 billion in spending, a 6.3% increase from last year. This follows strong spending on Black Friday and Thanksgiving Day. Vivek Pandya, lead analyst at Adobe Digital Insights, expects discounts to remain high, with electronics potentially seeing up to 30% off and apparel up to 26% off. Despite rising retail prices and increasing credit card debt, buy now, pay later plans are expected to drive $20.2 billion in online spending this holiday season. Mobile devices are the primary shopping platform, accounting for over 56% of online spending. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.