U.S. consumers are expected to spend $14.2 billion on Cyber Monday, according to Adobe Analytics, after a strong Black Friday weekend that saw wealthier consumers spend freely and lower-income shoppers hunt for deals.
Americans are expected to spend 6.3% more online than last year’s Cyber Monday – traditionally the country’s biggest online shopping day, and the culmination of the four-day shopping frenzy that begins the day after Thanksgiving.
U.S. online spending on Black Friday hit a record $11.8 billion, and $23.6 billion for the weekend overall – up about 9% from last year, according to Adobe, which tracks 1 trillion visits that shoppers make to online retail websites.
In-store shopping was weaker, dropping 5.3% for the weekend versus last year, according to data from RetailNext, a

GV Wire

Los Angeles Times Business
Women's Wear Daily Retail
N.O. CityBusiness
Law & Crime
Columbia Daily Tribune
America News
Raw Story
People Top Story
CBS Los Angeles
Daily Voice