Consumer Headlines: Online shopping, grocery spending, and cost of Thanksgiving dinner ...Middle East

ROCHESTER, N.Y. — Cyber Monday is here, but is the term losing its significance? Recent data suggests that more people are opting to shop online rather than in physical stores. This trend could spell trouble for brick-and-mortar retailers that lack a robust online presence. According to Mastercard, online spending on Black Friday rose nearly 15% compared to last year, while in-store spending increased by less than 1%. Adobe’s data shows online toy sales surged by 622% over the previous year, likely due to steep discounts on toys, electronics, and TVs. These trends are continuing on Cyber Monday. However, experts caution against purchasing toys online from unfamiliar sites. Consumers should b

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Consumer Headlines: Online shopping, grocery spending, and cost of Thanksgiving dinner ...Middle East

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