Date uploaded: 2022-11-26 23:59:27

Online shoppers didn't let concerns about higher prices or a recession keep them from a record-setting Black Friday. Consumers spent a record $9.12 billion while online shopping, according to Adobe Analytics, which tracks more than 85% of the top 100 U.S. online retailers. That's an increase of 2.3% over a year ago – surpassing the previous online Black Friday sales high mark of $9.03 billion in 2020. Nearly half (48%) of online sales were made over smartphones, up from 44% last year, according to the company's 2022 Holiday Shopping Trends & Insights Report. Cyber Monday is forecast to be the year’s biggest online shopping day, with Adobe Analytics expecting sales of $11.2 billion, up 5.1% over last year.