Cyber Monday Poised for Record $12B as Shoppers Seek Deep Discounts
• Americans expected to spend record $12 billion online shopping on Cyber Monday
• Deep discounts being offered, with some prices back to pre-pandemic levels
• Black Friday online sales up 7.5% vs last year; in-store sales grew just 1.1%
• Gas prices have fallen over 60 cents/gallon since September, giving consumers a tailwind
• Despite economic challenges, early holiday shopping strength signals resilient consumer spending into 2024