Retailers increase security measures ahead of holiday shopping season
New York Rep.-elect Anthony D’Esposito breaks down the relationship between the southern border crisis and spiking crime on ‘The Evening Edit.’
This year's Cyber Monday is expected to mark the biggest online shopping day of all time with total spending projected to reach between $11.2 billion and $11.6 billion, according to Adobe Digital Insights.
This projection beats Black Friday's total, which also set a new record this year, and surpasses the $10.7 billion consumers spent last Cyber Monday, according to the latest Adobe Analytics figures.
This year's strong consumer spending is not only being driven by higher prices but by net-new demand, according to Adobe.
ONLINE SALES SET BLACK FRIDAY RECORD
Prices have been nearly flat in recent months and were down 0.7% annually in October, according to The Adobe Digital Price Index, which tracks online prices across 18 product categories.