Much of the country was back at work Monday after the long holiday weekend. But along with whatever else they were doing at their job, there’s a good chance they were doing something else ... shopping.
American shoppers are expected to spend close to $12.4 billion online today during what’s known as Cyber Monday, according to Adobe Analytics. Black Friday spending was also stronger than expected, up 7.5% from last year.
These spending numbers are a relief for retailers, who feared inflation might put a damper on holiday spending.