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Cyber Monday to hit record $3.36 billion - Adobe

Monday, November 28, 2016 - 01:31

Cyber Monday is on track to bring in $3.36 Billion, according to Adobe. Bobbi Rebell reports.

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Online shoppers spent more than half a billion dollars between midnight and 10 a.m. eastern on Cyber Monday, according to Adobe. The company expects that number to grow to $3.36 billion. Top-selling electronics include Sony PS4, Microsoft Xbox, and Samsung 4K TVs. In the toy department, Lego had a major lead, with Nerf, Shopkins, and Barbie trailing right behind. But shoppers don't have to wait for Cyber Monday to get good deals online anymore. Retailers offer a lot of online discounts all year long, and deepen them around holiday season, even before Black Friday. Millenials play major part in it, says Adobe's Tamara Gaffney. (SOUNDBITE) TAMARA GAFFNEY, PRINCIPAL ANALYST AND DIRECTOR, ADOBE SYSTEMS, INC., (ENGLISH) SAYING: "Millennials, actually, believe that Black Friday has lower prices than Cyber Monday. It's not really true in all categories, but in some it's true. But, also, they just really, really like to be online, and they're very comfortable with mobile shopping." Mobile shopping accounted for $205 million. Shoppers have spent $36.5 billion online so far this year, according to Adobe. That's up more than seven percent year-over-year. And it's a growing trend. Another company that tracks the retail sector, IBM, said that, in the weeks leading up to the holiday weekend, online shopping was up nearly ten percent from a year ago.

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Cyber Monday to hit record $3.36 billion - Adobe

Monday, November 28, 2016 - 01:31