After declining for the first time ever last year, Cyber Monday spending is back to setting records with online stores pulling in a grand total of $11.3 billion over the course of the day, per Adobe Analytics.
The figure marks a 5.8% jump from last year when retailers seemed to spread out discounts and promotions across the month of November, resulting in a slight dip in Cyber Monday shopping. The strong showing comes on the heels of record-breaking online sales for Black Friday and Thanksgiving weekend as well despite worries that inflation and the prospect of an economic slowdown might impact holiday spending this year.
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