Adobe (ADBE) said Tuesday that US consumers spent a record $241.4 billion online from November 1 to December 31, marking an 8.7% increase year-over-year.
The company said the season saw 15 days where consumers spent over $4 billion in a single day, up from 11 days in 2023. It added that mobile shopping reached new heights, accounting for 54.5% of all online transactions, up from 51.1% last year.
Christmas day saw the highest mobile shopping volume, driving 65% of online sales, Adobe said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.