to get insights and game coverage for your favorite teams
Adobe’s numbers are not adjusted for inflation, but the company says demand is growing even when inflation is factored in. Some analysts have said top line numbers will be boosted by higher prices and the amount of items consumers purchase could remain unchanged — or even fall — compared to prior years. Profit margins are also expected to be tight for retailers offering deeper discounts to attract budget-conscious consumers and clear out their bloated inventories.
Meanwhile, consumers who feared leaving their homes and embraced e-commerce during the pandemic are heading back to physical stores in greater numbers this year as normalcy returns. The National Retail Federation said its recent survey showed a 3% uptick in the number of Black Friday shoppers planning to go to stores. It expects 63.9 million consumers to shop online during Cyber Monday, compared to 77 million last year.
Overall, online spending has remained resilient in the past few weeks as eager shoppers buy more items on credit and embrace “buy now, pay later” services that lack interest charges but carry late fees. “We’re seeing that inflation is starting to really hit the wallet and that consumers are starting to amass more debt at this point,” said Guru Hariharan, founder and CEO of retail e-commerce management firm CommerceIQ, adding there’s more pressure on consumers to purchase cheaper alternatives.This year’s Cyber Monday also comes amid a wider e-commerce slowdown affecting online retailers that saw a boom in sales during most of the COVID-19 pandemic.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cyber Monday deals lure in consumers amid high inflationDays after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation.
Source: WashTimes - 🏆 235. / 63 Read more »
Cyber Monday deals lure in consumers amid high inflationCyber Monday is expected to remain the year’s biggest online shopping day and rake in up to $11.6 billion in sales, according to Adobe Analytics, which tracks transactions at over 85 of the top 100 U.S. online stores. That forecast represents a jump from the $10.7 billion consumers spent last year.
Source: WTVYNews4 - 🏆 590. / 51 Read more »
Cyber Monday deals lure in consumers amid high inflationDays after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation.
Source: ksatnews - 🏆 442. / 53 Read more »
Cyber Monday deals lure in consumers amid high inflationDays after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation.
Source: TucsonStar - 🏆 339. / 59 Read more »
Cyber Monday deals lure in consumers amid high inflationDays after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation.
Source: dothaneagle - 🏆 337. / 59 Read more »
Cyber Monday deals lure in consumers amid high inflationNEW YORK (AP) — Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation. Must be nice always living in an area where %8 means nothing to you really. You reported many non-facts during the pandemic. Including that the vaccine of Pfizer reduced transmission, when you had not even asked Pfizer if it had been tested for transmission. I noticed you DID NOT cover the Pfizer admission that it was not tested. THIS IS A FACT! Will you give us discount on your account that actually publishes real relevant news to normal people?
Source: AP - 🏆 728. / 51 Read more »