Following a record-breaking Cyber Monday, Americans now have $9.4 billion fewer dollars in their pockets. Great news for investors and business owners!
Late night spending. 30% of Cyber Monday’s entire sales were made between 10pm – 2am, after the kids went to bed.
Tech and toys, shoppers bought. *Baby Yoda Voice*
- Nintendo Switches, VR devices, Samsung TVs, Apple Laptops, and video games were the hottest tech items sold.
- Frozen 2 toys, LOL Surprise Dolls, and Nerf products were the hottest selling toys.
How Does it Affect My Wallet?
Digital biz keeps winning. Online retailers big and small are all smiles after e-commerce’s least-agonizing Monday of the year.
- America’s biggest retailers’ Monday sales were up 337 – 540% more than a typical day.
- Amazon in its prime. Amazon recorded more sales on this year’s Cyber Monday than any other day in the company’s history.
The holiday outlook: 2019’s holiday spending is expected to hit $143.8 billion (12% more than last year).
- The average US shopper is expected to spend $637 on gifts for the rest of the holiday season.
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