Spending on Cyber Monday, the biggest U.S. online shopping day, may hit a record $11.6 billion according to one preliminary estimate, as discounts on everything from pajamas to AirPods tempt shoppers to click “buy” despite the strain on household budgets from high inflation.
“If you exclude inflation, which has been running in high-single-digits, you come to a flattish number in real terms which would really not be too bad,” Telsey Advisory Group analyst Joseph Feldman said.
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