Online shopping for holidays exceeds 2020 pandemic high, CNBC economic survey shows
Publishing timestamp: 2023-12-19 13:11:04
Summary
Online shopping has made a comeback this holiday season, with 57% of Americans naming it as their top destination for Christmas gifts. This is an increase from previous years and may be driven by a search for bargains to combat inflation. Amazon remains the dominant online shopping destination, with Walmart and specialty goods stores also seeing some gains. Some Americans plan to use debt or "buy-now-pay-later" plans to pay for gifts.
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