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Final sales for Cyber Monday fell short of estimates and didn't surpass last year's record as lackluster sales and scarce inventory kept shoppers from breaking out their credit cards during the start of the holiday shopping season.
The US consumers spent a total of $33.9 billion online, from Thanksgiving Day through Cyber Monday, down 1.4 per cent (on-year) as Black Friday dipped 1.3 per cent at $8.9 billion vs $9 billion last year while Thanksgiving Day online sales stayed flat at $5.1 billion.
New data from Sensormatic Solutions revealed that traffic at retail stores on this year's Black Friday tumbled 28.3 percent compared to the same time in 2019.
-U.S. retailers' online sales likely slowed this Cyber Monday, as fewer discounts and limited choices due to global supply-chain disruptions deterred shoppers, but other data points suggested... -November 29, 2021 at 10:48 pm EST - MarketScreener
This year’s tally marks the first time that Adobe has tracked a slowdown in spending on major shopping days.