According to a new report released by Adobe Analytics, U.S. consumers spent a record $222 billion online shopping during the 2023 holiday season.
Consumer spending between the period of Nov. 1 and Dec. 31 was reportedly up 4.9% from 2022.
The report went on to say that consumers spent $12.1 billion during just Cyber Monday alone.
Likewise, consumers elected to opt into buy now, pay later options with more demand than ever before, increasing 14% from 2022 to 2023.
