Consumer Headlines: Online shopping boost, discounts on electronics, and an uptick in interest rates ...Middle East

ROCHESTER, N.Y. — Online retailers saw a significant boost in sales over the holiday shopping weekend. Americans spent over $10 billion online on Black Friday and another $13 billion on Cyber Monday. However, despite the increase in online spending, many retailers remain cautious about the holiday sales outlook. While online spending on Cyber Monday rose by 7% compared to last year, in-store spending increased by less than 1%. This is concerning for retailers without a strong online presence. Experts from Adobe Analytics note that discounts on electronics, toys, cosmetics, and clothing are deeper this year. Retailers have used push notifications and emails to entice consumers to spend, but s

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Consumer Headlines: Online shopping boost, discounts on electronics, and an uptick in interest rates ...Middle East

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