• 2018 Online Holiday Spending Has Already Topped $80 Billion

    6 days ago - By Fortune

    Traders on Wall Street might fear a recession is looming , but consumers are merrily spending this year for holiday gifts.
    A new report from Adobe Analytics finds that consumers have spent $80.3 billion in online shopping from November 1 through the end of December 6. That's an 18.6% increase over the same time period in 2017.
    If spending keeps up at this pace, Adobe predicts overall holiday online spending will top $124 billion this year. The report, based on the analysis of more than 1 trillion visits to retail sites and 55 million SKUs, does not factor in brick-and-mortar sales.
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