Cyber Monday is expected to bring record U.S. online sales


Cyber Monday sales are expected to reach $7.8 billion, an increase of nearly 18 percent over last year that would make Monday the biggest online shopping day in U.S. history, according to Adobe Analytics. Online sales on Black Friday rose by 24 percent to $6.2 billion, although the big U.S. days still lag far behind the $30.8 billion in spending during China's Alibaba Singles Day promotion last month.
There's a lot at stake for many storefronts, which are struggling in the face of increasing online sales, CNN reports. But retailers could actually be holding back even bigger Cyber Monday gains by spreading out discounts over several days. Amazon and Bed, Bath & Beyond, for example, started their Cyber Monday discounts on Sunday, and Macy's is offering "cyber week" deals through Wednesday.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
-
October 1 editorial cartoons
Cartoons Wednesday's political cartoons include Pete Hegseth's warrior ethos, taxes in a shutdown, and the battle of Portland
-
‘Friendflation’: the increasing cost of maintaining a social life
Under the Radar Cost-of-living squeeze has left some feeling priced out of social events and struggling to keep up friendships
-
What’s behind Europe’s sharp drop in illegal migration?
Today's Big Question Fall in migrant crossings won’t head off tougher immigration clampdowns
-
Electronic Arts to go private in record $55B deal
speed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fine
Speed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits