Monday Americans Spent $13.3 Billion in Biggest Cyber Monday Ever (cnn.com)
(Wednesday December 04, 2024 @05:34PM (EditorDavid)
from the Christmas-is-coming dept.)
- Reference: 0175594741
- News link: https://entertainment.slashdot.org/story/24/12/04/2037252/monday-americans-spent-133-billion-in-biggest-cyber-monday-ever
- Source link: https://www.cnn.com/2024/12/03/business/cyber-monday-record-sales/index.html
"$15.8 million every 60 seconds. That's how much US consumers spent in two hours on Monday night," [1]reports CNN , "capping off a five-day spending spree that smashed previous records."
> U.S. consumers spent a total of $13.3 billion on Cyber Monday, up 7.3% from the previous year, according to [2]Adobe Analytics ... Consumers spent a record $41.1 billion across the five days beginning Thanksgiving Day, according to Adobe. "While Cyber Monday remained the season's and year's biggest online shopping day, year-over-year growth was stronger on both Thanksgiving and Black Friday," Vivek Pandya, lead analyst at Adobe Digital Insights, said in a statement... The company's data projects that holiday spending from November 1 to December 31 will surpass $240 billion, up 8.4% from the previous year.
>
> The record sales on Cyber Monday were boosted by US consumers shopping on their mobile devices, which accounted for $7.6 billion in spending. This year, 57% of online sales came through a mobile device, compared to 33% in 2019, as shopping on mobile phones has surged in popularity... Buy now, pay later" programs also contributed nearly $1 billion in spending on Cyber Monday, a record high. About 75% of these types of transactions occurred through a mobile device.
>
> Cyber Monday shopping wasn't just confined to the US, either. Global sales reached $49.7 billion, up 3% from the previous year, according to [3]data from Salesforce .
The top-selling items included consumer electronics like the PlayStation 5, Xbox Series X and Nintendo Switch OLED, the article points out (adding that "About 78% of all consumer smartphones and 87% of consoles were imported from China in 2023, according to a report from the Consumer Technology Association.")
More interesting statistics from CNN:
"Discounts on apparel peaked at just over 23% off, while TVs and computers peaked at almost 22% off, according to Adobe. And the discounts might last: Adobe projects discounts of up to 18% off computers through the end of the year... "
"For US retail sites, the share of revenue from affiliates and partners like social media influencers was 20.3% on Cyber Monday, up almost 7% from the previous year. "
"Additionally, companies employed AI chatbots to assist consumers, like [4]Amazon's Rufus . Traffic to retail sites from chatbots increased by nearly 2,000% on Cyber Monday, according to Adobe."
[1] https://www.cnn.com/2024/12/03/business/cyber-monday-record-sales/index.html
[2] https://business.adobe.com/resources/holiday-shopping-report.html
[3] https://www.salesforce.com/retail/peak-holiday/?d=cta-body-promo-1018
[4] https://www.aboutamazon.com/news/retail/black-friday-sales-results-amazon-online-shopping
> U.S. consumers spent a total of $13.3 billion on Cyber Monday, up 7.3% from the previous year, according to [2]Adobe Analytics ... Consumers spent a record $41.1 billion across the five days beginning Thanksgiving Day, according to Adobe. "While Cyber Monday remained the season's and year's biggest online shopping day, year-over-year growth was stronger on both Thanksgiving and Black Friday," Vivek Pandya, lead analyst at Adobe Digital Insights, said in a statement... The company's data projects that holiday spending from November 1 to December 31 will surpass $240 billion, up 8.4% from the previous year.
>
> The record sales on Cyber Monday were boosted by US consumers shopping on their mobile devices, which accounted for $7.6 billion in spending. This year, 57% of online sales came through a mobile device, compared to 33% in 2019, as shopping on mobile phones has surged in popularity... Buy now, pay later" programs also contributed nearly $1 billion in spending on Cyber Monday, a record high. About 75% of these types of transactions occurred through a mobile device.
>
> Cyber Monday shopping wasn't just confined to the US, either. Global sales reached $49.7 billion, up 3% from the previous year, according to [3]data from Salesforce .
The top-selling items included consumer electronics like the PlayStation 5, Xbox Series X and Nintendo Switch OLED, the article points out (adding that "About 78% of all consumer smartphones and 87% of consoles were imported from China in 2023, according to a report from the Consumer Technology Association.")
More interesting statistics from CNN:
"Discounts on apparel peaked at just over 23% off, while TVs and computers peaked at almost 22% off, according to Adobe. And the discounts might last: Adobe projects discounts of up to 18% off computers through the end of the year... "
"For US retail sites, the share of revenue from affiliates and partners like social media influencers was 20.3% on Cyber Monday, up almost 7% from the previous year. "
"Additionally, companies employed AI chatbots to assist consumers, like [4]Amazon's Rufus . Traffic to retail sites from chatbots increased by nearly 2,000% on Cyber Monday, according to Adobe."
[1] https://www.cnn.com/2024/12/03/business/cyber-monday-record-sales/index.html
[2] https://business.adobe.com/resources/holiday-shopping-report.html
[3] https://www.salesforce.com/retail/peak-holiday/?d=cta-body-promo-1018
[4] https://www.aboutamazon.com/news/retail/black-friday-sales-results-amazon-online-shopping
Chatbot (Score:2)
by kaatochacha ( 651922 )
I can think of few things more dystopian than continually being forced to purchase products from a chatbot.
Re: (Score:2)
by VampireByte ( 447578 )
Reminds me of THX 1138... "Buy more. Buy more now. Buy more and be happy."
they saved the deals for then (Score:2)
by drinkypoo ( 153816 )
I looked at stuff on black Friday. Then I looked again on Monday. Some of the same stuff I'd looked at had gone down.
And people wonder why (Score:2)
by smooth wombat ( 796938 )
They're broke. Just keep spending money you don't have.
These are the same people who have food delivered at three to four times the cost of the food itself.
Re: (Score:2)
by timeOday ( 582209 )
[1]Doesn't particularly look that way [stlouisfed.org].
The Great Recession stands out though. That was an doozy.
[1] https://fred.stlouisfed.org/series/DRCCLACBS
Inflation may be the reason (Score:3)
by schwit1 ( 797399 )
How do these numbers compare to the previous 10 years accounting for inflation?
fake news (Score:3)
by atheos ( 192468 )
Americans can't even afford eggs right now, this can't possibly be true!
Thank you Lord Trump (Score:2)
Is there anything our Messiah cannot do?
Re:Thank you Lord Trump (Score:4, Insightful)
He probably did indirectly contribute to this with his tariff threats.
Re: (Score:2)
Is there anything our Messiah cannot do?
Follow the 10 commandments, let alone name one of them. He couldn't even name [1]one verse [youtube.com] from that little book.
[1] https://www.youtube.com/watch?v=ERUngQUCsyE
Re: (Score:2)
Someone should introduce him to the Ferengi Rules of Acquisition. Now there's a holy book he could really go for, and he wouldn't have to pretend to believe anything. I think the Ferengi would be in awe of him, being such a poor businessman but who is able to convince people to throw money at him and lend him more money to keep the charade going. It's really quite impressive.
Re: (Score:2)
Stop shitting his pants? Form a coherent thought? Understand inflation?