Shoppers Spent $6.59 Billion on Cyber Monday

Cyber Monday

Online shoppers have set a new record by spending $6.59 billion on Cyber  Monday alone this year, with $2 billion of that coming from shoppers  making purchases on smartphones. The National Retail Federation  estimated Tuesday that more than 174 million Americans shopped in stores  and online from Thanksgiving through Cyber Monday -- a 17 percent  increase from 2016. 

The group also found that those who shopped online  and in stores spent or were planning to spend $82 more on average than  online-only shoppers, and $49 more on average than store-only shoppers.  The average expected spending per person was $335.47. The biggest  spenders, however, were people aged 25 to 34 -- who spent $419.52 on  average. The NRF’s findings are based on a survey of more than 3,200  people.

Source:  Hollywood Reporter

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