Cyber Monday shoppers expected to set a record on the year’s biggest day for online shopping – Chicago Tribune

Consumers in the United States are eagerly seeking online deals during Cyber Monday, with Adobe Analytics projecting a record $13.2 billion in online spending, peaking between 8 p.m. and 10 p.m. Major retailers like Amazon, Target, and Walmart have extended their Cyber Monday sales. Despite concerns over inflation and rising credit card debt, holiday spending is expected to grow by 2.5% to 3.5%, with Black Friday online sales reaching $10.8 billion and Thanksgiving Day online sales hitting $6.1 billion. Physical stores saw a decrease in foot traffic on Black Friday, signaling a shift towards online shopping.

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