January 28, 2023

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Cyber Monday draws shoppers despite high inflation

1 min read

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This year’s Cyber Monday comes amid a wider e-commerce slowdown affecting online retailers who saw a boost during the COVID-19 pandemic.

NEW YORK — Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation.

Cyber Monday is expected to remain the year’s biggest online shopping day and rake in up to $11.6 billion in sales, according to Adobe Analytics, which tracks transactions at over 85 of the top 100 U.S. online stores. That forecast represents a jump from the $10.7 billion consumers spent last year.

Adobe’s…



2022-11-28 09:03:54

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