Cyber Monday discounts drive record $14.25B in online sales

Shoppers trying to capitalize on Cyber Monday discounts spent a record $14.25 billion online, with consumers shelling out as much as $16 million every minute toward the end of the day, according to data from Adobe.  The figures represent a 7.1% increase from last year and slightly exceed Adobe’s earlier projection of $14.2 billion. The results also reinforce Cyber Monday’s position as one of the biggest online shopping days of all time.This year, the boost was driven by "competitive discounts" in categories ...