John Koetsier covers emerging 'smart matter' tech, particularly robotics, AI, and consumer tech devices. He's written about the 'passive grenade' women's safety device as well as the first cell phone call by a customer. He hosts the TechFirst podcast and has written previously for VentureBeat, Business Insider and Inc.
Consumer holiday spending for 2025 is already up almost 10% and ahead of forecast, according to the latest data from Adobe. In the first 24 days of the holiday season, Americans have spent $77.4 billion online, including a new record of over $3 billion for 21 of those days.by 47%, as consumers embraced cheaper goods,” the company said in a statement. “This trend reversed in the first 24 days of the holiday season: The share of the most expensive goodsby 15.
That’s corroborated by data from search intelligence firm Captify, which says that the products consumers are searching more for this week include those from premium brands such as Dyson, Apple, Nikon, Bose, and Anker.In that massive electronics category, the share of the most expensive goods is up 42% compared to pre-season numbers.
70% of people have used generative AI tools for product searches, Adobe says, and 40% planned to use it during the holiday shopping season. While spending is up, many of us are deferring paying for those purchases to a later date. Adobe says buy-now-pay-later purchases are up almost 4% from last year, and drove almost $6 billion of the total $77.4 billion season spend to date.
Plus, as expected, mobile shopping is up compared to desktop or laptop, now hitting 51.6% of all online spend in the 2024 holiday season, and growing 13.3% compared to 2023.Our community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space.
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