Shoppers crowd a Walmart store ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski/File Photo
Deep discounts on everything from beauty products and toys to electronics have enticed shoppers in the U.S. to open up their wallets for Christmas purchases and ring in a record $12.4 billion in Cyber Monday sales online, data from Adobe Analytics showed on Tuesday.
Online consumer spending jumped 9.6% on Monday from the $11.3 billion seen last year, outstripping Adobe’s initial expectations for a 6.1% rise to $12 billion.
Reporting by Deborah Sophia and Juby Babu in Bengaluru; Editing by Pooja Desai
