Black Friday Breaks Online Shopping Records

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Mobile transactions reached $3.1 billion on Cyber Monday, representing the highest year-over-year growth ever recorded for this date.

Spending fell just shy of Adobe Inc's forecast of US$9.4 billion.

He said: 'Late-night shopping and the turning on of the Christmas tree always brings people into town and gets things off to a positive start.

"We're focused on making this holiday season more convenient than ever for our customers, especially given how short this holiday shopping season will be", said Jeff Wilke, Amazon's CEO of Worldwide Consumer, in a news release. But those days are long gone, as Cyber Monday continues to out perform Black Friday in terms of sales and traffic to retail websites. On Black Friday, for example, states that recorded more than two inches of snow saw a 7% bump in online sales. From 11pm to 12am Eastern, online sales reached a purchasing rate of about $12 million per minute.

Some of the top deals listed by Amazon included the Echo Dot, which dropped to $22 for the weekend and remains at that price if you happened to miss out, and the Fire TV Stick 4K, which was half off its regular price.

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Lighthizer added that he's considering similar investigations against other nations, such as Austria, Italy and Turkey. US President Donald Trump says the NHS is not and will not form any part of a UK-US trade deal .

The National Retail Federation estimates almost 69 million Americans will scour the web on Monday for deals on everything from mobile phones to kitchenware, with Adobe estimating the biggest discounts on televisions and computers. Through the weekend, consumers spent $7.4 billion, including Super Sunday. In fact, smartphone shopping will account for almost 50% of holiday retail sales growth.

On Thanksgiving day, consumers spent $4.2 billion online.

Shoppers let their fingers fly across the keyboard to set a record for Cyber Monday sales. Adobe noted that the trend of "buy online, pickup in-store/curbside" services was up 43% over a year ago. "Small Business Saturday will accelerate sales for those retailers who can offer unique products or services that the retail giants can't provide". This tablet comes with a free year subscription to Amazon FreeTime Unlimited - giving kids access to over 20,000 apps, games, books, videos, audiobooks, and educational content from PBS Kids, Nickelodeon, Disney and more.

Adobe said big e-commerce platforms such as Amazon.com Inc would benefit the most from the surge in sales.

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