US Cyber Monday online sales set to cross $12 billion as big discounts lure shoppers – report

1:50 PM UTC – November 27, 2023

(Reuters) – U.S. shoppers looking for steep discounts are set to boost Cyber Monday online sales to a record $12 billion to $12.4 billion, splurging on products like Barbie dolls and headphones, data from Adobe Analytics showed.

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The midpoint of the range represents a jump of nearly 8%, better than Adobe’s initial forecast of a 6.1% rise to $12 billion, easing concerns of a lackluster 2023 holiday shopping season.

Salesforce also predicted Cyber Monday online sales would grow in the high-single-digit percentage range, both globally and in the United States.

Reporting by Juby Babu and Deborah Sophia in Bengaluru; Editing by Pooja Desai

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