Monday Americans Spent $13.3 Billion in Biggest Cyber Monday Ever (cnn.com) 50
"$15.8 million every 60 seconds. That's how much US consumers spent in two hours on Monday night," 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 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 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:
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 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 Amazon's Rufus. Traffic to retail sites from chatbots increased by nearly 2,000% on Cyber Monday, according to Adobe."
Thank you Lord Trump (Score:1)
Re:Thank you Lord Trump (Score:5, Insightful)
Re: (Score:3)
He probably did indirectly contribute to this with his tariff threats.
Reddit is certainly full of people saying "should I buy $THING before the tariffs kick in?" Kind of amazes me anyone has money burning a hole in their pocket with all this inflation that's been happening. I've also been seeing quite a few Cybertrucks around lately too, so obviously the people who have money, still have money.
Re: (Score:2)
If salaries have also gone up then yes, they may have the money for it! (Higher salaries by the way can also lead to inflation.) And inflation is not constant across all market segments. But yes, if you do have the money to restock your wine cellar, then doing this now would be a good idea, even if it is just local wines. If you can buy food that has a long shelf life, then why wait until it's even more expensive? If your farm has its own gasoline tanks, fill them up now.
If you know prices are going u
Re: (Score:2, Troll)
Follow the 10 commandments, let alone name one of them. He couldn't even name one verse [youtube.com] from that little book.
Re:Thank you Lord Trump (Score:4, Funny)
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:1)
Re: (Score:2)
Consider this: the people throwing money at President Elect Trump are very wealthy, and they're not in the habit of putting their money into bad investments. Maybe they know something you don't.
They know the exact same thing the rest of us know. Trump will be good for people with massive wealth. He'll cut their taxes, as promised, far more than he will the middle class taxes. And likely set things up so those high-asset folks can keep their tax cuts, while the middle class tax cuts will expire once he leaves office. There's no big secret why big money backs Trump. The guy spells it out openly that he'll help the uber-rich get uber-richer. That's the only thing those folks truly care about. Who car
Re: (Score:2)
Re: (Score:2)
And I am still utterly amazed that this did not make the evangelicals sit up and take notice that he's been playing them for suckers the whole time.
Re: (Score:1, Insightful)
Is there anything our Messiah cannot do?
Speak a complete sentence?
Stay faithful to a wife?
Run a successful business?
Re: (Score:2)
The population is growing, and there's inflation, therefore it's almost a tautology to say that every year will have the biggest Cyber Monday ever. It's new if it is NOT the biggest ever. Now scale this based upon GDP or average home income and it might be a more interesting statistic.
Similar logic applies to bogus claims like "the biggest number of votes in history!" because, duh, there are more eligible voters every year. You could also say "a record number of people voted against me!" which is also tr
Re: (Score:2)
I saw him do the miracle of turning ten loaves of bread into none!
If he wasn't a teetotaller then I could imagine him turning wine into water.
Re: (Score:1)
Chatbot (Score:2)
Re: (Score:2)
Reminds me of THX 1138... "Buy more. Buy more now. Buy more and be happy."
they saved the deals for then (Score:2)
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.
Re: (Score:3)
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.
Black Friday / Cyber Monday deals mostly end up being crap retailers want to foist upon you, rather than genuine deals on things you've already had on your wishlist. For example, I'd kind of like to get a Tesla Mobile Connector to throw in the trunk of my car as a "nice to have" thing in the event I'm somewhere I can plug in and mooch some free juice. Those don't go on sale. Ever. Yeah, I know there's Chinese off-brand portable EVSEs that are perpetually cheaper, but I've been down that route and they'r
Re: (Score:3)
Black Friday / Cyber Monday deals mostly end up being crap retailers want to foist upon you, rather than genuine deals on things you've already had on your wishlist.
I got deals on things I was looking at buying already including SSDs and a liquid cooler. The savings weren't worth trampling anyone for, but I was able to get them from the comfort of my home.
And people wonder why (Score:2)
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)
The Great Recession stands out though. That was an doozy.
Inflation may be the reason (Score:5, Insightful)
How do these numbers compare to the previous 10 years accounting for inflation?
fake news (Score:3)
Re: (Score:3)
Yup. That pretty much sums up why the Democrats lost the election. Consumerism is alive and well in America, but the number of people capable of participating in this sort of excess is slowly shrinking, and the number of people who can't even afford eggs right now is increasing. I'm not sure how many years will pass before the Americans who can't even afford eggs right now figure out that they've been lied to by Trump, and what they will do then. Interesting times ahead.
Re: (Score:2)
I'm not sure how many years will pass before the Americans who can't even afford eggs right now figure out that they've been lied to by Trump, and what they will do then.
I hope to be wrong, but I suspect they will lie to themselves so successfully that they won't realize it for so many years that they will keep believing it until after they have raised most of their children to be idiots too.
Re: (Score:3)
People need to stop buying easily obtained food items from big chain stores if they live anywhere that has farms around them. Eggs at the store cost up to six or seven bucks a dozen around here. I buy from private farmers for three a dozen. I have a similar deal for beef and pork. Currently hunting for dairy and poultry. If we stop letting uber-rich folks skim off of every transaction, even for necessities, maybe they'll stop climbing ever higher in monetary wealth while the rest of us keep losing ground. T
Re: (Score:2)
Yup, farmer's markets are convenient for fresh food but they're usually just as expensive or more so than the grocery stores. The reason is that they will charge what the market will bear, and the people shopping at farmer's markets are typically more upscale than average.
Re: (Score:3)
Americans can't even afford eggs right now, this can't possibly be true!
I believe the phenomenon you're overlooking is called "wealth inequality". That's where you've got some people who can't afford eggs, and others who have stocked up the back of their Cybertruck with a Black Friday television for every room in their home (including the bathroom, because who doesn't enjoy some Netflix while you take care of business?).
Black Friday? Cyber Monday? Caveat Emptor! (Score:2, Interesting)
And three months from now... (Score:2)
... when the novelty has worn off, 90% of this crap will be sitting unused or worse, replace by some new shinier things. Rinse, repeat.
Re: (Score:2)
Biggest ever, or just things more expensive? (Score:2, Interesting)
Everything is like 3 to 5 times more expensive than it was just a few years ago, so really this is more like a $4.3 billion.
Re: (Score:3)
MA (Score:2)
What exactly is a "Monday American", and how do they differ from the rest?
Re: (Score:2)
Re: (Score:2)
Ugh, awful people.
Can we place this in context? (Score:1)
"Forex daily trading volume is approximately $6.6 trillion according to the 2019 Triennial Central Bank survey of FX and OTC derivative markets. Of this, the US dollar, euro and yen experience the highest turnover of trades."
What a poor economy (Score:2)
The economy must really be in the dump this year. No wonder people voted for Trump because of "the economy".
I didn't buy anything for that day. (Score:2)
I did have to pay bills. Does that even count? :P
Funnily enough I spent nothing (Score:2)
I just couldn't be bothered to wade through hundreds of pages of fake "discounts" on the likes of Amazon when 90% is OEM junk made in China. I have no way to judge if this stuff is discounted since the same product appears under 101 names, or how they qualify the discount with so many resellers and I don't especially care.