Cyber Monday Spending in the U.S. Exceeds $13 Billion

According to a report prepared by Adobe (NASDAQ:ADBE), following lackluster demand in U.S. stores on Black Friday, consumers are catching high holiday discounts on everything from electronics to toys, while Americans spent $13.3 billion online in the U.S. on Monday.

Consumers spent 7.3% more compared to Cyber Monday in 2023. According to Adobe, which tracks data from devices that support more than 1 trillion visits to U.S. retail sites, this figure follows the approximately $10.8 billion that Americans spent online on Black Friday this year.

Retailers are persuading cautious U.S. customers with push notifications, emails, and other advertisements promoting heavily discounted cosmetics, electronics, toys, clothing, and other products on Cyber Monday, traditionally the biggest online shopping day in America.