Tuesday, December 01, 2020

USA Holiday Shoppers Are Drawn by Store Discounts But Can They Afford It?

Yesterday's Cyber Monday promised to become the largest online sales day in history. During the peak hour of 8 pm to 9 pm Pacific, shoppers could have spent $13 million per minute, according to Adobe Digital Insights, which tracks online spending.

U.S. shoppers are on track to spend more than $755 billion during the holiday shopping season in what's expected to be a new sales record despite the coronavirus recession.  But can they afford it?

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