Weak discounts add to slow spending


Busy period: Customers at a retail store during Black Friday sales in New York. Big sale days like Black Friday and Cyber Monday have been gradually losing their prominence as shoppers spread their spending over longer periods — Reuters

NEW YORK: Lacklustre deals and scarce inventory kept Cyber Monday sales flat compared with a year ago, the latest indication that shoppers made purchases earlier in the season due to concerns about global shipping logjams.

The United States shoppers spent US$7.1bil (RM30bil) on Cyber Monday as of 9pm New York time yesterday, according to Adobe Inc.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Cyber Monday , global shipping logjams ,

   

Next In Business News

Jiankun expects GDV of its projects to soar to RM2bil under new leadership
Paramount acquires 21.54% stake in Eco World International
CIMB Securities aims for high single-digit market share by year-end
FBM KLCI retraces earlier losses to close flat
Total Dynamic gets bursa's nod to list on LEAP Market
Asian currencies set for weekly fall; stocks firm on US rate cut bets
KL Sentral Station redevelopment project to commence year-end - Loke
Malaysia's March manufacturing sales value grows 1.4% to RM158.4bil
Oil set for weekly gain as demand signs, geopolitics seen as positives
Asia stocks rally on renewed global rate cut optimism

Others Also Read