Cyber Monday shoppers spent a bit less this year as online sales drop to $10.7B

Overhead view of a person shopping online

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People looking to scoop up Cyber Monday deals spent slightly less this year than last. Online sales in the US on Monday totaled $10.7 billion, a 1.4% drop from the $10.8 billion that shoppers spent in 2020, according to the Adobe Digital Economy Index. 

Even though sales dipped a bit, Cyber Monday remained the biggest online shopping day of the year, and Adobe said consumers are still on track for a holiday season that will “break online shopping records.”

“With early deals in October, consumers were not waiting around for discounts on big shopping days like Cyber Monday and Black Friday,” said Taylor Schreiner, director of Adobe Digital Insights, in a statement. “This was further fueled by growing awareness of supply chain challenges and product availability.”

More to come. 

source: cnet.com