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Black Friday Online Spending Surges Nearly 22 Percent to New Record (The Intellectualist)

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Black Friday Online Spending Surges Nearly 22 Percent to New Record – By wagnerap (The Intellectualist) / Nov 30 2020

Online spending from the pandemic increased by almost 22 percent as the pandemic forced consumers to stay home.

Online spending from the pandemic increased by almost 22 percent as the pandemic forced consumers to stay home, according to CNBC.

According to data from Adobe Analytics consumers spent $9 billion on online shopping during Black Friday, a 21.6 percent increase year-over-year. Adobe analyzed website transactions from 80 of the top 100 online retailers in the US.

This data makes Black Friday in 2020 the second biggest online spending day in history, only behind Cyber Monday in 2019. Cyber Monday 2020 is expected to become the largest online spending day in history, with spending expected between $10.8 billion and $12.7 billion. This would represent 15 to 35 percent year-over-year.

CONTINUE > https://mavenroundtable.io/theintellectualist/economics/black-friday-online-spending-surges-nearly-22-percent-to-new-record-r0h8DKtkbUOh3AN0N8NDQA

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