Cyber Monday set for record sales of $11.2B

Spending on Cyber Monday, the biggest US online shopping day, is set to hit a record $11.2 billion, according to an Adobe Analytics report, as discounts on everything from clothes to TVs drive shoppers to click “add to cart” even as stubbornly high inflation persists. The report predicts spending on Cyber Monday to rise 5.2 percent as inflation-weary consumers have been putting off holiday shopping for weeks in the hopes of deep post-Thanksgiving markdowns. Adobe Analytics, which measures e-commerce by analyzing transactions at websites, has access to data covering purchases at 85 percent of the top 100 internet retailers in the United States.