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Holiday spending online set to hit a record of $143.7 billion: Adobe

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A UPS worker sorts packages in New York on Dec. 18th, 2017.

Adam Jeffery | CNBC

It might come as no surprise: This holiday shopping season is slated to be another record-breaking one online.

Digital spending during November and December is expected to reach $143.7 billion, up 14.1% from a year ago, according to a study by Adobe Analytics, which tracks transactions for 80 of the top 100 U.S. internet retailers including Walmart and Amazon.

Cyber Monday sales are expected to hit $9.4 billion, up nearly 19% from last year, Adobe said. Black Friday sales online are expected to be $7.5 billion, up 20.3%. Thanksgiving Day sales on the internet are forecast to surge 19.5%, to $4.4 billion, it…



Source cnbc.com

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