


Large retailers saw 22 percent higher growth in revenue on average than small retailers since October. Small ($10M to $50M) versus large ($1B+) retailers: On Black Friday, large retailers benefitted from a larger boost in revenue than their smaller counterparts.So far this holiday season (November 1 to December 26), consumers have spent $89.9 billion and are on track to hit $207 billion, affirming Adobe’s forecast.Īdditional Insights From Adobe Digital Economy Index: Cyber Monday is expected to be the biggest online shopping day of 2021, with between $10.2 billion and $11.3 billion in online spending.Īdobe said that on Small Business Saturday, consumers are expected to spend between $4.5 billion and $5.1 billion. “Yesterday, Americans spent $8.9 billion online. For the first time ever, Black Friday saw a reversal of the growth trend of past years. Shoppers are being strategic in their gift shopping, buying much earlier in the season and being flexible about when they shop to make sure they get the best deals,” said Vivek Pandya, lead analyst, Adobe Digital Insights.Ĭyber Week, including Thanksgiving Day, Black Friday and Cyber Monday, is still by far the strongest online sales days of the season, according to Adobe. In a statement released Saturday, Adobe said this marks the first time where both days did not see an increase in online spending year-over-year, another sign that consumers started to shift their spending to earlier in the season, responding to promotions and deals from retailers that started in October. Thanksgiving Day coming in flat year-over-year at $5.1 billion. Results came in at the low end of Adobe’s predicted range. As an affiliate Spending Lab earns from qualifying purchases.Total online spending on Black Friday was $8.9 billion, down from sales of $9 billion in 2020, according to Adobe Analytics. Spending Lab research and report on online sales events. Spending Lab is compensated by Capital One Shopping when the browser add-on is installed using the link provided. Their lightweight browser extension is used by millions of online shoppers to save money.
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