Cyber Monday becomes biggest online shopping day in U.S. history, topping nearly $11 billion in sales

Cyber Monday just became the biggest online shopping day in U.S. history, with consumers spending $10.8 billion online, according to Adobe Analytics.

Purchases totaled $12 million a minute between 8 p.m. and 9 p.m. PT, with around 37 percent of total purchases coming from smartphones as more shoppers migrate to buying on social media. Curbside pickup was up 30 percent since last year, Adobe said.

Consumers saw the biggest discounts on computers, sporting goods, toys, appliances, and electronics, Adobe said. Some of the hottest buys included Lego sets, Apple AirPods and Call of Duty: Black Ops Cold War.

“Moving forward into December, the categories that I will expect to be discounted will be the toy category and then also anything holiday themed — gift baskets, gift boxes, decor,” retail and shopping expert Trae Bodge told NBC News.

Although many discounts are set to continue throughout December, experts advise to shop early as shipping delays loom and delivery costs are expected to increase after Dec. 11.

“Leading up into the first few weeks of December, up until Dec. 25 — that’s when the discounts are really going to get deeper,” said Sara Skirboll, shopping expert at RetailMeNot. “But here’s the thing, your items might not exist — and if you’re shopping online, you might run into shipping issues.”

Like the discounts, the record-breaking sales seen on Cyber Monday aren’t specific to one day.

Thanksgiving Day, Black Friday and Small Business Saturday also did well, totaling $5.1 billion, $9 billion and $4.7 billion respectively, according to Adobe.

Small businesses saw a greater increase in sales than larger retailers on Cyber Monday, up 501 percent while bigger retailers only saw a 486 percent increase, as consumers shop more consciously this year, Adobe said. Seven in 10 shoppers said it is more important to support small businesses than to get the best deal, according to a survey from Union Bank.

Consumers are also “voting with their wallets to support Black-owned businesses and sustainable businesses,” Harley Finkelstein, president of e-commerce platform Shopify, told NBC News’ Jo Ling Kent on Monday. “Consumers will not be driven solely by deals anymore, they’re going to be driven by movements.”

Shopify saw its biggest-ever Black Friday/Cyber Monday weekend, recording a 76 percent growth in sales since last year. Small-business hub Etsy saw an 84 percent increase in sales during the first eight hours of Cyber Monday alone, according to Edison Trends.

Online shopping has seen a continued surge since the beginning of the pandemic, with digital sales up by 174 percent at Best Buy, 155 percent at Target and 79 percent at Walmart during the third quarter alone.

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Online shopping hits new record, topping $5B, Adobe Analytics says

Shoppers flocked online on Thanksgiving in record numbers, spending an unmatched $5.1 billion even as concerns regarding a prolonged economic downturn prompted by rising COVID-19 cases looms.

According to data from Adobe Analytics, online sales surged nearly 22% over 2019 when sales hit $4.2 billion, indicating that the resurgence of cases nationwide continues to keep shoppers out of stores while forcing them to make more purchases online.

The figures aligned with Adobe’s earlier prediction that online holiday shopping would “shatter” all records from years past.

Unsurprisingly, larger retailers saw the biggest growth, with a 233% increase in sales Thursday over the October daily average. Comparatively, smaller retailers saw a 154% increase.

ONLINE HOLIDAY SHOPPING SALES EXPECTED TO ‘SHATTER’ RECORDS, ADOBE ANALYSIS PREDICTS

However, retailers that implemented curbside pickup saw 31% more traffic to their website compared to those who didn’t. Analysts expect this to become “even more pronounced” as free and less expensive shipping options become scarce as Christmas inches closer, according to analysts.

While Thanksgiving garnered record-breaking sales, analysts say “it didn’t come with the kind of aggressive growth rate” seen at the start of the pandemic.

Even still, analysts issued an upbeat forecast for Black Friday and Cyber Monday, projecting that both days will still become the two largest online sales days in history.

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“While COVID-19, the elections and uncertainty around stimulus packages impacted consumer shopping behaviors and made this an unprecedented year in ecommerce, many consumers are still holding off on remaining gift purchases until today and Cyber Monday in hopes of scoring the best deals,” Adobe Digital Insights director Taylor Schreiner said.

Adobe projects that Black Friday online will garner between $8.9 billion, an increase of 20% compared to last year, and $10.6 billion, an increase of 42%.

Based on the current data, Adobe reaffirmed its earlier projection that U.S. consumers will spend a total of $189 billion online from Nov. 1 through Dec. 31, which is a 33% growth from 2019.

However, this projection excludes any potential economic stimulus package as well as any new lockdown restrictions that could materialize if cases continue to rise.

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