Cyber Monday 2020 is expected to be record-breaking

Analysts expect Cyber Monday 2020 to be the biggest online shopping day in US history, with anticipated sales of $10.8 billion to $12.7 billion.

On Black Friday this year, consumers dropped $9 billion online, a 21.6% increase over 2019, according to data from Adobe Analytics. The jump made this year’s Black Friday the second largest online spending day ever for Americans, just shy of the record $9.4 billion spent on Cyber Monday 2019.

Covid-19 restrictions drove some of the sales. States that limited gatherings saw 265% year-over-year growth in online shopping on Black Friday, compared to states without restrictions. With consumers looking to avoid crowds and indoor shopping, Adobe also found a 52% year-over-year increase in curbside and in-store pickup.

Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.





For Android Mobile users Ilwareed Online has an App available on Google Play Store, with this App you can get the latest News and Political Analysis every minute.
Download Ilwareed Now.

Follow us on Twitter #ilwareed and Facebook #ilwareedonline