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Friday, December 4, 2020
Business Happy Holiday for Online Retailers

Happy Holiday for Online Retailers

Other News

Left for dead, twice, RadioShack gets another shot online

SILVER SPRING, Md. (AP) — RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again. It’s the most prized...

JC Penney sees bankruptcy protection exit by Christmas

NEW YORK (AP) — J.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens...

Petalo, not Charmin: Virus brings Mexican toilet paper to US

By JOSEPH PISANI AP Retail Writer NEW YORK (AP) — Toilet paper is back on store shelves. But you may not recognize some of the...

Mall owners close to buying JC Penney out of bankruptcy

By ANNE D'INNOCENZIO AP Retail WriterNEW YORK (AP) — Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to...

It’ll be another happy holiday season for online retailers. Americans are expected to spend nearly $144 billion online in November and December, up 14% from last year, according to predictions by Adobe Analytics, which tracks online purchases for 80 of the top 100 e-commerce sites in the U.S. Of those sales, 20% will happen over the five days between Thanksgiving Day and Monday. The biggest day for online sales is expected to be “Cyber Monday,” the Monday after Thanksgiv

ing when online retailers typically offer their steepest deals. Adobe Analytics expects sales on Cyber Monday to come in at $9.4 billion this year, up 19% from last year. For the first time this year, Adobe Analytics expects online sales to surpass $1 billion every day in November and December. In terms of hot-sellers, Adobe Analytics expects a flying owl toy called Owleez and the handheld Nintendo Switch Lite to be popular this year, based on current online sales a


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