Record Cyber Monday Sales Expected as US Consumers Regain Confidence

U.S. shoppers’ total spending on Cyber Monday, the biggest online shopping day of the year, is anticipated to reach a record high this year amid a post-election boost in consumer confidence. Adobe Analytics, which tracks online shopping, anticipates a record $13.2 billion in sales on Dec. 2, up by 6.1 percent from last year. Peak shopping hours are expected to occur between 8 p.m. and 10 p.m., with spending estimated to reach $15.7 million per minute. For many retailers, Cyber Monday is a days-long event that spans the weekend from Black Friday—the day after Thanksgiving—through Monday night. This year, Amazon chose to begin its sales event at midnight on Saturday, while Walmart and Target started offering deals on Sunday....