{"id":36392,"date":"2023-11-28T11:40:05","date_gmt":"2023-11-28T11:40:05","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/deal-hunters-fuel-12-billion-cyber-monday-shopping-spree"},"modified":"2023-11-28T11:55:17","modified_gmt":"2023-11-28T11:55:17","slug":"deal-hunters-fuel-12-billion-cyber-monday-shopping-spree","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/deal-hunters-fuel-12-billion-cyber-monday-shopping-spree","title":{"rendered":"Deal-hunters fuel $12 billion Cyber Monday shopping spree"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>With U. S. shoppers expected to spend as much as $12.4 billion on heavily-discounted cosmetics, electronics, toys, clothing and other products on Cyber Monday, investors took note of strong online traffic and pointed to Amazon (AMZN.<\/p>\n

O), Walmart (WMT. N) and Apple as possible winners for the day. Retailers hit the send button on push notifications, text messages and video streaming ads to reach shoppers on mobile phones.<\/p>\n

Amazon began marketing Cyber Monday Deals as early as Saturday, including up to 46% off some Instant Pot kitchen appliances, 37% off certain Vitamix blenders, and 35% on Amazon devices including a 55-inch Amazon Fire TV.<\/p>\n

Walmart, eager to capture market share, slashed prices on Sunday night, joining the trend of retailers\u2019 early discounts on major shopping days. Apple offered Apple Gift Cards of up to $200 with eligible purchases.<\/p>\n

\u201cIt\u2019s a little early to see how this all plays out,\u201d said Jim Worden, chief investment officer of Wealth Consulting Group, which holds shares of Amazon.<\/p>\n

\u201cThere\u2019s still good spending\u201d online.<\/p>\n

\u201cWhile the prices of TVs and some electronics have come down a lot, I don\u2019t know how much the average consumer is going to nibble on these,\u201d he said.<\/p>\n

\u201cThe biggest discounts are still ahead, and shoppers are all too aware of that,\u201d retail consultant Carol Spieckerman said at mid-day on Monday, pointing to lackluster store traffic on Black Friday, the day after Thanksgiving.<\/p>\n

Last-minute shoppers on Monday could spend $4 billion between 6 p. m. and 11 p. m. ET alone, said Vivek Pandya, lead analyst at Adobe Digital Insights, which tracks data through Adobe\u2019s Experience Cloud service for e-commerce platforms.<\/p>\n

\u201cConsumers are going to be concerned about discounts weakening after that,\u201d he added.<\/p>\n

\u201cOne of the biggest things that we would be looking at is if the discounts throughout the day started to deepen,\u201d said Brian Mulberry, client portfolio manager at Zacks Investment Management, which owns Amazon and Walmart shares.<\/p>\n

\u201cThat would tell you that demand might be slacking off at some point.<\/p>\n

. But with 12 hours to go\u201d until midnight \u201cthat doesn\u2019t seem to be happening. \u201d<\/p>\n

Mulberry added that Amazon and Apple are \u201clooking very strong again and not having to discount things as much,\u201d which indicated possible healthy consumer demand for their merchandise on Cyber Monday.<\/p>\n

\u201cWalmart has built a lot of infrastructure over the last couple of years to compete with Amazon on Cyber Monday,\u201d he said.<\/p>\n

\u201cAnd for consumers, placing more orders for more stuff is now easier at Walmart than it has been before.\u201d<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. With U. S. shoppers expected to spend as much as $12.4 billion on heavily-discounted cosmetics, electronics, toys, clothing and other products on Cyber Monday, investors took note of strong online traffic and pointed to Amazon (AMZN. O), Walmart (WMT. N) and Apple as possible winners for the day. Retailers hit the send […]<\/p>\n","protected":false},"author":84,"featured_media":36391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,246,192,245],"class_list":["post-36392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-lesotho","tag-amazon","tag-lesotho"],"yoast_head":"\nDeal-hunters fuel $12 billion Cyber Monday shopping spree - Lesotho<\/title>\n<meta name=\"description\" content=\"With U. 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