Summary
Cyber Monday is expected to set new records for online shopping, even though there are economic concerns. Experts predict U.S. shoppers will spend over $14 billion online on this day. The increase in spending is partly due to significant discounts on popular items like electronics and apparel.
Key Facts
- Cyber Monday is predicted to be the biggest online shopping day of the year with expected U.S. sales of $14.2 billion.
- Spending is expected to increase by 6.3% compared to 2024.
- Peak online shopping will occur between 8 p.m. and 10 p.m. local time.
- U.S. online shopping already saw $11.8 billion spent on Black Friday and another $11.8 billion over the weekend.
- Discounts on electronics could reach 30%, and apparel discounts could reach 26%.
- Adobe Analytics and Salesforce both provided sales estimates, with Salesforce predicting global online sales of $53.7 billion for Cyber Monday.
- Economic challenges and rising prices may lead to consumers buying fewer items but focusing on more significant purchases.
- Buy now, pay later plans are contributing to increased online spending, expected to reach $20.2 billion over the holiday season.
