Cyber Monday sales break record
Cyber Monday sales were projected to set a record, jumping by nearly 20 percent to between $9.2 billion to $9.4 billion to become the biggest online shopping day in U.S. history, according to Adobe Analytics. Coming after the biggest Black Friday online sales ever, Monday's discounts got the holiday season off to a strong start. "Retailer fears of a shorter season meant that deals came much sooner than usual, and consumers took notice," Taylor Schreiner, principal analyst and head of Adobe Digital Insights, said in a statement. Harsh winter weather didn't hurt, as many people apparently avoided venturing out in the snow and ice and shopped online instead, USA Today reports. Adobe said online sales in states with at least two inches of snow got a 7 percent boost.
Subscribe to 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.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
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.
-
Europe's all-inclusive holiday trend
The Week Recommends Big US chains are capitalising on the 'recent surge' in package breaks to bring upscale resorts to Europe
By Tess Foley-Cox Published
-
Why is recasting so difficult?
In The Spotlight Switching much-loved characters can cause confusion – and spark a backlash
By Irenie Forshaw, The Week UK Published
-
Diamonds could be a brilliant climate solution
Under the radar A girl and the climate's best friend
By Devika Rao, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published