Breitbart Business Digest: Cyber Monday May Be a Flop This Year
We strongly suspect that retail sales through the holiday season will disappoint.
We strongly suspect that retail sales through the holiday season will disappoint.
Cyber Monday online sales have reportedly fallen for the first time, dropping 1.4 percent from last year to $10.7 billion, according to data released on Tuesday by Adobe Analytics. The report also indicated that out-of-stock messages on relaters’ websites were up 169 percent when compared with pre-pandemic years.
Online shoppers pushed Cyber Monday sales to a record high but many of the most popular items were made in China.
Pope Francis denounced the evil of consumerism Monday, just as stores were offering discounts to online Christmas shoppers for “Cyber Monday.”
Amazon UK recommended a pornographic DVD titled “Dad is F*cking My Girlfriend” in users’ searches for “Dad gifts,” before removing the product, according to a report.
Foot traffic to physical stores fell between 5 and 9 percent on both Thanksgiving and Black Friday this year, while online stores prospered.
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