Holiday spending is showing some higher than expected momentum — to this point, at the very least, based on reports emanating Tuesday on the important thing stretch from Thanksgiving Day to Cyber Monday.
Adobe reported Tuesday that customers spent a complete of $12.4 billion on Cyber Monday, up 9.6 percent year-over-year and surpassing the software giant’s initial projection of $12 billion.
Shopify, which powers the e-commerce sites of brands and retailers world wide, reported Tuesday that from the beginning of Black Friday through Cyber Monday its merchants totaled $9.3 billion in sales, representing a 24 percent increase from the $7.5 billion through the same period in 2022.
In one other positive report, the National Retail Federation said a record 200.4 million consumers shopped over the five-day...
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