Record Sales For Cyber Monday Expected
SALES EXPECTED TO HIT NEW RECORD ON CYBER MONDAY
(CNN) – Cyber Monday shopping is expected to hit a new record for a sixth year in a row.
Shoppers are expected to spend as much as $6.6 billion, almost 17% more than last year.
That’s according to adobe digital insights, a group that tracks online spending.
Online shopping has been growing for years, which put a strain on brick-and-mortar retailers.
One analyst says that most Cyber Monday shoppers wait until the last minute to hit the “buy” button.
She says the peak time for buying is between 8:00 PM – 11:00 PM not long before the deals disappear on Tuesday.