Top selling toys included Pokémon cards, Legos, Hot Wheels, Disney's Encanto-branded merchandise, LOL Surprise dolls, Cocomelon and Hatchimals, according to Adobe Analytics.
Workers sort packages at a FedEx Express facility on Cyber Monday in Garden City, N.Y., on Nov. 28, 2022.Consumers took advantage of heavy discounting by online retailers to kick off the holiday shopping season in high gear.
“With oversupply and a softening consumer spending environment, retailers made the right call this season to drive demand through heavy discounting,” said Vivek Pandya, lead analyst, Adobe Digital Insights, in a statement. “It spurred online spending to levels that were higher than expected, and reinforced e-commerce as a major channel to drive volume and capture consumer interest.”
Smart TVs, Apple AirPods and MacBooks, tablets, smart watches, instant pots and air fryers were among the top-selling electronics.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WHO renames monkeypox as mpox, citing racism concernsThe World Health Organization has renamed monkeypox as mpox, citing concerns the original name of the decades-old animal disease could be construed as discriminatory and racist.
Read more »
Cyber Monday set for record sales of $11.2 bln as shoppers wait for discountsSpending on Cyber Monday, the biggest U.S. online shopping day, is set to hit a record $11.2 billion, according to a report, as discounts on everything from clothes to TVs drive shoppers to click 'add to cart' even as stubbornly high inflation persists.
Read more »
34 best Cyber Monday mattress and bedding deals 2022: Casper, moreThe best discounts of the year on mattresses and bedding.
Read more »
Seahawks vs. Raiders: Seattle falls out of playoff spot with 40-34 overtime loss to RaidersSeahawks vs. Raiders Final Score: Seattle falls out of playoff spot with 40-34 overtime loss to Raiders
Read more »
Winners and Losers from Raiders 40, Seahawks 34Travis Homer had a couple of clutch plays, but this defense was abysmal again Winners and Losers from Raiders 40, Seahawks 34
Read more »