• Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
HOT
Buzzy Flow
No Result
View All Result
  • Home
  • Animals
    Whole Foods’ Ties to Monkey Labor to Have PETA Dumping Coconuts at Store

    Whole Foods’ Ties to Monkey Labor to Have PETA Dumping Coconuts at Store

    Working together to bring pet loss support to grieving families

    Working together to bring pet loss support to grieving families

    Spiky Bundle of Joy 

    Viruses From Poop Of Giraffes, Lemurs Can Be Used To Kill Drug-Resistant Bacteria, Study Says

    Viruses From Poop Of Giraffes, Lemurs Can Be Used To Kill Drug-Resistant Bacteria, Study Says

    ‘Don’t Leave Them,’ Says Danai Gurira: Hot Cars Are Fatal for Dogs

    ‘Don’t Leave Them,’ Says Danai Gurira: Hot Cars Are Fatal for Dogs

    Cooler Weather Outlook to Bring Relief in Central Canada After Experiencing Prolonged Warmth

    Cooler Weather Outlook to Bring Relief in Central Canada After Experiencing Prolonged Warmth

    Truck Accident Prompts PETA Memorial to Pigs

    Truck Accident Prompts PETA Memorial to Pigs

    Car Pollution: High Ozone Levels Prevent Bees from Searching Flowers for Pollination [Study]

    Car Pollution: High Ozone Levels Prevent Bees from Searching Flowers for Pollination [Study]

    Jollibee Foods Corp Announces Commitment To End Cages for Hens Globally

    Jollibee Foods Corp Announces Commitment To End Cages for Hens Globally

  • Buzz
    Actors Who Gained And Lost Weight For Roles

    Actors Who Gained And Lost Weight For Roles

    19 Poor Souls Who Just Had A Week That Was Way, Way, Way, Way, Way, Way, Way, Way, Way, Way, Way, Way Worse Than Yours

    19 Poor Souls Who Just Had A Week That Was Way, Way, Way, Way, Way, Way, Way, Way, Way, Way, Way, Way Worse Than Yours

    Sia Shows Off Facelift

    Sia Shows Off Facelift

    I Reviewed New 2023 Trader Joe’s Pumpkin Products

    I Reviewed New 2023 Trader Joe’s Pumpkin Products

    17 Actors Who Tried To Get Their Costars Fired

    17 Actors Who Tried To Get Their Costars Fired

    False Childhood Notions Of What Constitutes Luxury

    False Childhood Notions Of What Constitutes Luxury

    School Of Rock Kids Bullied After Film Release

    School Of Rock Kids Bullied After Film Release

    41 Kitchen Essentials You Need In Your Life

    41 Kitchen Essentials You Need In Your Life

    Poor Things Star Emma Stone Not Shying Away From Sex Scenes

    Poor Things Star Emma Stone Not Shying Away From Sex Scenes

  • Celebs
    Amplify Pictures Joins Broadway ‘Gutenberg!’ Musical As Co-Producer – Deadline

    Amplify Pictures Joins Broadway ‘Gutenberg!’ Musical As Co-Producer – Deadline

    11 Best Perfumes for Men in the World

    11 Best Perfumes for Men in the World

    Jamie Lee Curtis Praised the Star – StyleCaster

    Jamie Lee Curtis Praised the Star – StyleCaster

    The Voice’s Gwen Stefani’s teenage son asks for support as he follows in famous parents footsteps

    The Voice’s Gwen Stefani’s teenage son asks for support as he follows in famous parents footsteps

    Bethenny Slams Andy Cohen Over “Problematic” WWHL Questions

    Bethenny Slams Andy Cohen Over “Problematic” WWHL Questions

    Iconic TV Dads And Grandpas When They Were Younger

    Iconic TV Dads And Grandpas When They Were Younger

    Judge Terminates Michael Oher’s Conservatorship w/ Tuohy Family

    Judge Terminates Michael Oher’s Conservatorship w/ Tuohy Family

    Tim Wakefield, Red Sox World Series Champion Pitcher, Dead at 57

    Tim Wakefield, Red Sox World Series Champion Pitcher, Dead at 57

    Taylor Swift Unites Sophie Turner, Blake Lively, & Brittany Mahomes For Girls Night Out! LOOK!

    Taylor Swift Unites Sophie Turner, Blake Lively, & Brittany Mahomes For Girls Night Out! LOOK!

  • Life
    Amplify Pictures Joins Broadway ‘Gutenberg!’ Musical As Co-Producer – Deadline

    Amplify Pictures Joins Broadway ‘Gutenberg!’ Musical As Co-Producer – Deadline

    11 Best Perfumes for Men in the World

    11 Best Perfumes for Men in the World

    Jamie Lee Curtis Praised the Star – StyleCaster

    Jamie Lee Curtis Praised the Star – StyleCaster

    The Voice’s Gwen Stefani’s teenage son asks for support as he follows in famous parents footsteps

    The Voice’s Gwen Stefani’s teenage son asks for support as he follows in famous parents footsteps

    Bethenny Slams Andy Cohen Over “Problematic” WWHL Questions

    Bethenny Slams Andy Cohen Over “Problematic” WWHL Questions

    Iconic TV Dads And Grandpas When They Were Younger

    Iconic TV Dads And Grandpas When They Were Younger

    Judge Terminates Michael Oher’s Conservatorship w/ Tuohy Family

    Judge Terminates Michael Oher’s Conservatorship w/ Tuohy Family

    Tim Wakefield, Red Sox World Series Champion Pitcher, Dead at 57

    Tim Wakefield, Red Sox World Series Champion Pitcher, Dead at 57

    Taylor Swift Unites Sophie Turner, Blake Lively, & Brittany Mahomes For Girls Night Out! LOOK!

    Taylor Swift Unites Sophie Turner, Blake Lively, & Brittany Mahomes For Girls Night Out! LOOK!

  • Tech
    OnePlus Open: all the news and rumors about the company’s first foldable

    OnePlus Open: all the news and rumors about the company’s first foldable

    Tom Hanks warns of AI-generated ad using his likeness

    Tom Hanks warns of AI-generated ad using his likeness

    The Inner Beauty of Basic Electronics

    Creating Domestic Robots That Really Help

    A New Satellite Outshines Some of the Brightest Stars in the Sky

    A New Satellite Outshines Some of the Brightest Stars in the Sky

    AI assistants boost productivity but paradoxically risk human deskilling

    AI assistants boost productivity but paradoxically risk human deskilling

    Amazon’s Echo Dot drops to $23 ahead of October Prime Day

    Amazon’s Echo Dot drops to $23 ahead of October Prime Day

    Cardinals vs. 49ers Livestream: How to Watch NFL Week 4 Online Today

    Cardinals vs. 49ers Livestream: How to Watch NFL Week 4 Online Today

    Saw X’s Editor Had the Cops Called on Him by Worried Neighbors

    Saw X’s Editor Had the Cops Called on Him by Worried Neighbors

    Lego Is a Company Haunted by Its Own Plastic

    Lego Is a Company Haunted by Its Own Plastic

  • Video
    • All
    • Cooking
    • Fitness
    • Gaming
    • Lifestyle
    • Music
    • Podcasts
    • Travel
    • Vlogs
    DRX BuZz insane 1v3 clutch vs ASE | VCT Masters Tokyo

    DRX BuZz insane 1v3 clutch vs ASE | VCT Masters Tokyo

    6 vivo Tech Will Blow Your Mind #vivoTechDay #shorts

    6 vivo Tech Will Blow Your Mind #vivoTechDay #shorts

    happy life status | happy quotes | #viral #shorts #youtube

    happy life status | happy quotes | #viral #shorts #youtube

    Buzz Designed The New Space Ranger Suits!

    Buzz Designed The New Space Ranger Suits!

    What Is Technology | Technology Explained | Tech Education

    What Is Technology | Technology Explained | Tech Education

    मौका ज़िन्दगी , कैसे मिलेगा ? Happy Life Astro | Dr. Yogesh Sharma

    मौका ज़िन्दगी , कैसे मिलेगा ? Happy Life Astro | Dr. Yogesh Sharma

    How to be 1hp with Buzz in Brawl Stars (tutorial) #1hp #tutorial #shorts #brawlstars

    How to be 1hp with Buzz in Brawl Stars (tutorial) #1hp #tutorial #shorts #brawlstars

    EVERY programmer needs this tool 👩‍💻 #programming #tech #code #technology #software #developer

    EVERY programmer needs this tool 👩‍💻 #programming #tech #code #technology #software #developer

    रसोई तय करेगी आपकी आर्थिक स्थिति |  HAPPY LIFE ASTRO | DR. YOGESH SHARMA

    रसोई तय करेगी आपकी आर्थिक स्थिति | HAPPY LIFE ASTRO | DR. YOGESH SHARMA

Buzzy Flow
No Result
View All Result
Advertisement Banner
Home Tech

Cyber Monday shopping expected to set record but annual growth has slowed | Adobe

buzzyflow by buzzyflow
November 29, 2022
in Tech
0 0
0
Cyber Monday shopping expected to set record but annual growth has slowed | Adobe
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Did you miss a session from GamesBeat Summit Next 2022? All sessions are now available for viewing in our on-demand library. Click here to start watching.


Cyber Monday shopping sales hit at least $6.3 billion through part of the day in the U.S. today, according to the latest online shopping data from Adobe Analytics.

It’s not unusual for Cyber Monday and Black Friday online shopping results to break records, but it this economic climate it’s encouraging to see it happen. Still, growth has slowed from 2021 and 2020 holiday seasons.

Consumers spent $6.3 billion up through 3:00 pm Pacific time for Cyber Monday. Adobe expects that when the final tally is in, consumers will spend between $11.2 billion and $11.6 billion for the day, making Cyber Monday the biggest online shopping day of the year (and of all time).

Today, the top 15 hot sellers (not in ranked order) have included Legos, Hatchimals, Disney Encanto, Pokémon cards, Bluey, Dyson products, strollers, Apple Watches, drones, and digital cameras. Gaming consoles also remain popular, along with games including Mario Party, FIFA 23, Madden 23 and Call of Duty: Modern Warfare II.

Over the past weekend, the top sellers were included Hot Wheels, Cocomelon, Bluey, Disney Encanto, L.O.L. Surprise dolls, Roblox, and Fortnite in the toys category. Nintendo Switch, Xbox Series X and PlayStation 5 remain the top selling gaming consoles, with popular games including FIFA 23, God of War Ragnarök, Call of Duty: Modern Warfare II, Madden 23, and NBA 2k23. Other hot sellers included Apple iPads, Apple MacBooks, digital cameras, Roku devices, drones, gift cards and Instapots.

Black Friday online shopping sales were $9.12 billion, up 2.3% from a year ago, and Thanksgiving itself came in at $5.29 billion, up 2.9% from a year ago. Those were above Adobe’s projections. Last year, consumers spent $10.7 billion on Cyber Monday.

Strong consumer spend has been driven by net-new demand, and not just higher prices. The Adobe Digital Price Index, which tracks online prices across 18 product categories (complements the Bureau of Labor Statistics’ Consumer Price Index, which also includes prices for offline only products and services like gasoline and rent) shows that prices online have been nearly flat in recent months (down 0.7% YoY in October 2022).

Adobe Analytics says Cyber Monday will set a record.

Adobe’s numbers are not adjusted for inflation, but if online inflation were factored in, there would still be growth in underlying consumer demand, the company said.

On a category basis, toys were a major growth driver in the days leading up to Cyber Monday, with online sales up 452% over the average day in October 2022. Appliances (up 305%) and baby/toddler products (up 289%) also saw strong demand, in addition to electronics (up 276%) and apparel (up 258%).

Shoppers will find record discounts today for computers (peaking at 27% off listed price). Deals will also be found in nearly all categories tracked, including apparel (19%), toys (33%), electronics (25%), sporting goods (16%), televisions (15%), and furniture (11%). Those looking to buy an appliance should consider waiting until Thursday (December 1), when discounts are set to peak at 18% on average.

Weekend spending remained strong

Consumers spent over a Black Friday’s worth of ecommerce over the weekend at $9.55 billion, up 4.4% YoY ($4.59 billion on November 26, up 2.6% YoY / $4.96 billion on November, up 6.1% YoY). Season-to-date (November 1 to November 27), consumers have spent a total of $96.42 billion online, up 2.1% YoY.

And while the big days (Thanksgiving Day, Black Friday) have reached new heights, consumers spent at record levels all season. Since November 1, shoppers spent over $2 billion every single day, with 19 days above $3 billion in online spend. Broad, early discounts were the main drivers for the shift in consumer spending.

“Shoppers have seen massive discounts this past week, which is the exact opposite situation from last season when supply chain constraints kept prices elevated,” said Vivek Pandya, lead analyst at Adobe Digital Insights, in a statement. “While discounting will have an impact on margins for retailers, it is also driving a level of demand that can help brands build long-term loyalty and net some short-term gains.”

Additional Adobe Analytics Insights

Over the weekend, online sales of toys were up 383% (compared to average daily sales for the category in October 2022), with baby toys seeing strong demand (up 252%). Other categories that surged over the weekend include jewelry (up 230%), sporting goods (up 239%), and apparel (up 217%).

With online spending hitting new records and inflation impacting consumers, flexible payments have become a big story this season. In the last week (November 21 to November 27), “buy now, pay later” orders have risen 68% and revenue has increased 72%, when compared to the week prior.

Over the weekend, smartphones drove over half of online sales for the first time (52%, up from 48% last year). Adobe expects mobile shopping to dip on Cyber Monday however, based on historical trends. Many people are back at work and using laptops, which will be the preferred device for shopping online.

Forecast for Cyber Week

Adobe expects Cyber Week (the five days from Thanksgiving Day through Cyber Monday) to generate $34.8 billion in online spend, up 2.8% YoY, and represent 16.3% share of the full November through December holiday season.

Cyber Monday is expected to remain the season’s and year’s biggest online shopping day, bringing in between $11.2 billion and $11.6 billion. Black Friday generated a record $9.12 billion in online spend, up 2.3% YoY, while Thanksgiving brought $5.29 billion in online spend, up 2.9% YoY.

Adobe analyzes direct consumer transactions online. The analysis covers over one trillion visits to U.S. retail sites, 100 million SKUs, and 18 product categories.

GamesBeat’s creed when covering the game industry is “where passion meets business.” What does this mean? We want to tell you how the news matters to you — not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Discover our Briefings.



Source_link

Advertisement Banner
buzzyflow

buzzyflow

Trending Posts

Brody Jenner, Mod Sun and More
Celebs

Brody Jenner, Mod Sun and More

by buzzyflow
February 22, 2023
0

It’s complicated! Avril Lavigne has endured her fair share of relationship woes over the years, including two divorces. “I love...

Read more
The Google Pixel Fold looks nearly gapless in first leaked marketing images

The Google Pixel Fold looks nearly gapless in first leaked marketing images

April 30, 2023
How to Turn Off Notifications on Android

How to Turn Off Notifications on Android

May 28, 2023
All Buzz skins👨‍💼 #BrawlStars

All Buzz skins👨‍💼 #BrawlStars

June 5, 2023
Hear From Dedicated Supporters Like You: Jason Dmuchowski

Hear From Dedicated Supporters Like You: Jason Dmuchowski

September 29, 2023
Razer’s New Speakers Are the Perfect Addition to Your PC

Razer’s New Speakers Are the Perfect Addition to Your PC

May 19, 2023

Buzzy Flow

Welcome to Buzzy Flow The goal of Buzzy Flow is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Follow Us

Categories

  • Animals
  • Buzz
  • Celebs
  • Cooking
  • Fitness
  • Gaming
  • Life
  • Lifestyle
  • Music
  • Podcasts
  • Tech
  • Travel
  • Video
  • Vlogs

Recent Post

  • DRX BuZz insane 1v3 clutch vs ASE | VCT Masters Tokyo
  • Amplify Pictures Joins Broadway ‘Gutenberg!’ Musical As Co-Producer – Deadline
  • Whole Foods’ Ties to Monkey Labor to Have PETA Dumping Coconuts at Store
  • Actors Who Gained And Lost Weight For Roles
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

Copyright © 2022 Buzzyflow.com | All Rights Reserved.

No Result
View All Result
  • Home
  • Animals
  • Buzz
  • Celebs
  • Life
  • Tech
  • Video

Copyright © 2022 Buzzyflow.com | All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
What Are Cookies
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT