Online holiday sales rose by 3.5% as discounts persuade deal-hungry shoppers
Publishing timestamp: 2023-01-05 13:10:15
Summary
Online holiday sales rose 3.5% year over year to $211.7 billion, according to Adobe Analytics. Discounts hit record high during season and persuaded shoppers to spend. E-commerce drove 21.6% of total retail sales over holidays this year, according to Mastercard SpendingPulse. Prices dropped on major retailers' websites during holidays, and discounting levels were deeper than ever, according to Adobe.
Sentiment: POSITIVE
Keywords: adobe inc., target corp, walmart inc, kohl's corp, business, business news, retail industry, breaking news: business, economy,
Source: https://www.cnbc.com/2023/01/05/holiday-2022-online-sales-jump-boosted-by-discounts.html