The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — Shoppers spent $3.45 billion on Cyber Monday on Samsung 4K TVs, PlayStation 4s and Barbie dolls among other products, marking the largest online sales day in US history.
The data compiled by Adobe Digital Insights, easily surpassed prior estimates, and dismissed fears that strong web sales during the Thanksgiving weekend would hurt sales on Cyber Monday — the busiest day of the year for internet shopping historically.
It also underscored the broader shift to shopping online, which is making up for slower spending in stores.
Cyber Monday sales jumped 12.1 percent year-over-year and surpassed initial expectations that called for total sales of $3.36 billion, according to Adobe Digital Insights.
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Top-selling electronics by units on the day include Sony's PlayStation 4 and Microsoft's Xbox gaming consoles as well as Samsung 4K TVs, Apple iPhones and Amazon's Fire tablets.
Lego's building blocks, Hasbro's Nerf dart guns and Mattel's Barbie dolls were among top-selling toys, Adobe said.
Adobe collects the data by measuring 80 percent of all online transactions from the top 100 US retailers. Of every $10 spent at the top 500 US retailers, $7.50 goes through the Adobe Marketing Cloud sales platform.
By Siddharth Cavale; editor: Shounak Dasgupta.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.