Black Friday and Cyber Monday Set New Online Spending Records

Cyber Monday has once again solidified its status as the premier online shopping event of the year, with U.S. consumers spending a record-breaking $13.3 billion, according to Adobe Analytics. This figure represents a 6.1% increase from the previous year's $12.4 billion, underscoring the growing dominance of e-commerce in the retail sector.

The surge in online spending was driven by substantial discounts across various categories, including electronics, apparel, and toys. Notably, electronics saw average discounts of up to 31%, while toys were discounted by. . .