Tag: Black Friday

Biggest Online Shopping Day Ever! Cyber Monday Sales Hit Record $12.4 Bn Even as Savings Dwindle
29Nov By adminNo Comments
Technology

Biggest Online Shopping Day Ever! Cyber Monday Sales Hit Record $12.4 Bn Even as Savings Dwindle

[ad_1] US shoppers spent $12.4 billion on Cyber Monday, a record result demonstrating the continued resilience of consumers despite dwindling pandemic-era savings and high interest rates.Spending increased 9.6% from a year ago, making it the biggest online shopping day ever, according to Adobe Inc., which compiles the data. Adobe had earlier adjusted upward its online spending forecast for the day based on stronger-than-expected spending on Black Friday and the popularity of buy-now-pay-later offerings that let shoppers stretch their budgets with credit. Buy-now-pay-later usage also hit a record high on Cyber Monday, Adobe said, contributing $940 million in online spending, up 42.5% over the previous year. The firm also said consumers used such credit facilities for increasingly large p...
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Deal-hunters on track to spend record $12 billion in US Cyber Monday shopping spree
28Nov By adminNo Comments
Technology

Deal-hunters on track to spend record $12 billion in US Cyber Monday shopping spree

[ad_1] Spending online on Cyber Monday is set to exceed $12 billion, a record, as bargain hunters snap up deals on items including Barbie dolls, Lego sets, headphones and smart watches, according to preliminary estimates from Adobe Digital Insights.The estimate projects U.S. shoppers will spend $12 billion-$12.4 billion on Cyber Monday, the biggest U.S. online shopping day. A significant portion of this spending, around $4 billion, is expected to occur between 6 p.m. and 11 p.m. EST, particularly from last-minute shoppers, it said. At the top end, this would represent an 9.7% increase compared to the $11.3 billion spent on Cyber Monday last year. We are now on WhatsApp. Click to joinRetailers have been coaxing inflation-weary U.S. shoppers to open their wallets on Cyber Monday with push...
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Cyber Monday marks the year’s biggest online shopping day, and one more chance to save on gifts
28Nov By adminNo Comments
Technology

Cyber Monday marks the year’s biggest online shopping day, and one more chance to save on gifts

[ad_1] Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday.Even though e-commerce is now part and parcel of our everyday lives and much of the holiday shopping season, Cyber Monday –- a term coined back in 2005 by the National Retail Federation –- continues to be the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel it. Adobe Analytics, which tracks online shopping, expects consumers to spend between $12.0 billion and $12.4 billion on Monday, making it the biggest online shopping day of all time. For several major retailers, the “Cyber Monday” sale is a days-long event that begins over the weekend. Amazon's, for example, kicked off on Satur...
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Cyber Monday Forecast Boosted After Record Online Holiday Sales, Says By Adobe Inc
28Nov By adminNo Comments
Technology

Cyber Monday Forecast Boosted After Record Online Holiday Sales, Says By Adobe Inc

[ad_1] Online Holiday bonanza: US shoppers will spend up to $12.4 billion online during Cyber Monday, according to Adobe Inc., which adjusted its initial forecast of $12 billion upward based on stronger-than-expected spending on Black Friday and the popularity of buy-now-pay-later features that let shoppers stretch their budgets with credit.It would cap off a Cyber Week that has already seen record online spending: Black Friday topped projections at $9.8 billion, up 7.5% from a year earlier. Thanksgiving spending of $5.6 billion was up 5.5%, according to figures released early Monday from Adobe. Flexible spending options, including buy-now-pay-later features online, have helped shoppers stretch budgets otherwise battered by inflation. Consumers used such promotions to spend $7.3 billion...
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Shoppers click ‘buy’ as retailers cut prices ahead of Cyber Monday; Salesforce eyes huge discounts
27Nov By adminNo Comments
Technology

Shoppers click ‘buy’ as retailers cut prices ahead of Cyber Monday; Salesforce eyes huge discounts

[ad_1]  Holiday shoppers in the U.S. are seeking out the best deals and strategically nabbing the deepest discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Cyber Monday, as the first Monday after the Thanksgiving holiday has become known as merchants step up online promotions, is set to be the biggest online shopping day of the year in the United States.Strong online traffic on Black Friday demonstrated a notable pattern of shoppers putting time and effort into selecting the lowest-cost, best-value merchandise, said Rob Garf, vice president and general manager for retail at Salesforce, which tracks data flowing through its Commerce Cloud e-commerce service. Despite an earlier start to retailers' holiday promotions this year, there wer...
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Black Friday Sales: Picky US shoppers saying ‘No deals’, Waiting for bigger bargains
26Nov By adminNo Comments
Technology

Black Friday Sales: Picky US shoppers saying ‘No deals’, Waiting for bigger bargains

[ad_1] Black Friday sales show US shoppers are watching their wallets and holding out for deeper discounts, which sets retailers up for a subdued holiday shopping season and potentially lackluster earnings results early next year.  Consumers aren't spending at the same pace they did during the past couple of years, when the holidays were marked by post-pandemic splurges. While estimates on brick-and-mortar Black Friday sales won't be available for some time, Salesforce Inc. expects online US sales to grow 1% in November and December versus a year earlier, which would be the slowest growth in at least five years. Sales were in line with that figure on Thanksgiving Day and appeared to pick up speed on Black Friday, the software company said.  Some shoppers said they were unimpressed by t...
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Black Friday Shoppers Set Online Spending Record on Back of Electronics, Smartwatches, TVs: Adobe
26Nov By adminNo Comments
Technology

Black Friday Shoppers Set Online Spending Record on Back of Electronics, Smartwatches, TVs: Adobe

[ad_1]  At a whopping $9.8 bn, Black Friday shoppers have created an online spending record, Adobe Analytics reported, offering a positive sign for retailers facing lackluster sales forecasts for the holiday season. Demand for electronics, smartwatches, TVs and audio equipment helped boost the day's online sales by 7.5% compared with last year. Consumers extended their budgets by leaning on buy-now, pay-later options, which climbed by 72% from the week before Thanksgiving. The uptick marks a recovery from last year's holiday season, when high inflation hit consumers' pockets and retailers discounted heavily to get rid of bloated inventory. This year, holiday shopping is a bellwether for US consumer resilience as pandemic-era savings dwindle and interest rates remain at a more than 20-y...
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Tesla’s Cybertruck Lures Black Friday Shoppers Into Showrooms
25Nov By adminNo Comments
Technology

Tesla’s Cybertruck Lures Black Friday Shoppers Into Showrooms

[ad_1] Tesla Inc.'s next vehicle, the all-electric Cybertruck, was on display in several US showrooms during the retail event known as Black Friday, drawing throngs of shoppers eager to see the stainless steel-clad truck up close.At the Tesla showroom at Westfield UTC in San Diego, a group of about 25 people crowded around the sole Cybertruck on display as others waited in line outside. Shoppers had to stand about 10 feet away from the vehicle, which was roped off, and were told they couldn't view the interiors until the first Cybertruck is handed over to a customer on Nov. 30. Tesla is “pushing the boundaries of what a truck can be,” said Joseph Smarr, who has been on the wait list for a Cybertruck for more than a year, in an interview at the San Diego store. Smarr, a longtime fan of t...
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Here’s what Twitter lost in advertising revenue in final months of 2022
20Jan By adminNo Comments
Technology

Here’s what Twitter lost in advertising revenue in final months of 2022

[ad_1] Top advertisers on Twitter slashed their spending after Elon Musk's takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company's dominant revenue source. Fourteen of the top 30 advertisers on Twitter stopped all advertising on the platform after Musk took charge on October 27, according to the Pathmatics estimates. Four advertisers reduced spending between 92% and 98.7% from the week before Musk's acquisition through the end of the year. Overall, advertising spending by the top 30 companies fell by 42% to an estimated $53.8 million for November and December combined, according to Pathmatics, despite an increase in spending by six of them. Pathmatics said the previously unreported figures on Twitter advertising are...
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US Shoppers Kick Off Holiday Season With a Muted Black Friday
26Nov By adminNo Comments
Technology

US Shoppers Kick Off Holiday Season With a Muted Black Friday

[ad_1] US retailers discounted heavily on Black Friday to clear out bloated inventories but customers responded with only modest traffic, leaving profitability in doubt for many chains. US retailers discounted heavily on Black Friday to clear out bloated inventories but customers responded with only modest traffic, leaving profitability in doubt for many chains. Crowds were thin in the late morning at Connecticut's Stamford Town Center mall, with few shoppers at Kay Jewelers and just a small line at Forever 21. A couple at a Walmart Inc. supercenter near Dallas reveled in the lack of crowds as they bought presents for their grandchildren. At the Stonestown mall in San Francisco, shoppers were few and far between.  “It feels like a normal day,” said Miguel Martinez, 35, a warehouse sup...
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