The news: Cyber Monday 2022 was the largest retail ecommerce sales day in US history. Consumers spent $11.3 billion online—a 5.8% increase over last year, per the latest Adobe Analytics figures.
The holiday shopping season’s peak: The strong results demonstrate how important Cyber Monday and the rest of the Cyber Five are to retailers’ overall holiday sales.
Overcoming economic headwinds: The strong results are all the more notable given that about 60% of consumers have scaled back their spending in response to inflation, and even more consumers plan spending cuts in the year ahead, per the University of Michigan.
The big takeaway: The strong sales gains throughout the Cyber Five bode well for the remainder of the holiday season.
Go further: Read our full US Holiday Shopping 2022 report.