U.S. Consumers Spent $241.4 Billion Online During Holiday 2024, Adobe Reports
Discounting, enhanced apps and chatbots factored into sales gains seen by retailers during the Nov. 1 to Dec. 31 period.
Holiday Online Sales Hit a Record $241 Billion in US, Adobe Says
US e-commerce spending rose 9% to a record $241 billion over the holiday period, sparked by widespread discounts, according to data from Adobe.
AI chatbots drive online holiday spending to record level
Online spending throughout the 2024 holiday shopping season reached a record high and was driven, in part, by generative AI chatbots that funneled traffic to retail sites.
US online holiday sales rise nearly 9% on mobile shopping boom, report shows
U.S. online spending rose nearly 9% during the 2024 holiday season, with shoppers increasingly buying products such as TVs and LEGO sets on their smartphones, data from Adobe Analytics showed on Tuesday.
Online holiday shopping soars to record high amid rise of AI shopping assistants
The share of consumers arriving via AI shopping assistants remains modest, however, Adobe said. Shoppers arrived at retail sites via links shared by the chatbots. “The 2024 holi
U.S. Holiday Online Sales Reach Over $240 Billion, Up 8.7%
Consumers used their smartphones, took recommendations from chatbots, and leveraged discounts to buy higher priced goods this holiday season.
Holiday Shoppers Spent a Record $1.2T Online, 36% Took on Debt
Shoppers are spending more on the holidays than ever, but – at least in the US – they're taking on debt as well. The post Holiday Shoppers Spent a Record $1.2T Online, 36% Took on Debt appeared first on Tech.
What's Happening With Adobe Stock?
This news was welcomed by investors of both companies, with GETY stock rising 25% and SSTK stock rising 14% on Tuesday, ...
Adobe Inc. (ADBE) Faces Setback in 2024, But UBS Analysts Maintain ‘Buy’ Rating with $582 Price Target Amid AI Expansion
We recently compiled a list of the 9 Stocks Poised for Gains as AI Reaches New Heights in 2025. In this article, we are going ...
Online holiday spending rises nearly 9% as deep discounts and AI-powered chatbots fuel purchases, Adobe data says
Deep discounts motivated holiday shoppers to spend, according to Adobe’s data. For every 1% drop in the typical price, demand ...
AI Is Reimagining Every Aspect Of Business, Adobe’s Strategy Lead Says
Scott Belsky says AI is collapsing boundaries between traditional business functions and putting more creative ability within ...
Smoke, reflections and portals: Adobe’s TransPixar takes AI VFX to the next level
Adobe and HKUST researchers unveil TransPixar, a breakthrough AI system that creates transparent visual effects from text prompts.
Here's Why Adobe Stock Slumped in December (Hint: It's AI Related)
Shares in digital media technology company Adobe (NASDAQ: ADBE) fell by 13.8% in December, according to data provided by S&P ...
Adobe: Strategic Transition To Subscription-Based Model Will Keep Leading Position
Adobe's transition to a subscription-based model ensures stable, predictable cash flows and positions it well for innovation.
Deutsche downgrades Adobe on lack of AI monetization
Deutsche Bank last night downgraded Adobe (ADBE) to Hold from Buy with a price target of $475, down from $600. The firm believes Adobe will ...
Adobe's earnings and guidance
Shares in digital media technology company Adobe (NASDAQ: ADBE) fell by 13.8% in December, according to data provided by S&P ...
Adobe Acrobat AI Assistant on mobile is great
You can transform your research and reading using Acrobat's AI features and integrate images better and faster using other ...
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Adobe in focus as UBS notes creative AI market is 'fiercely competitive'
Adobe (NASDAQ:ADBE) was in focus on Friday after investment firm UBS reiterated that the creative artificial intelligence ...