Published: Mon, November 26, 2018
Business | By Eloise Houston

Cyber Monday on track to bring in record U.S

Cyber Monday on track to bring in record U.S

Walmart says it will have "thousands more deals" this year than it's had on Cyber Mondays in the past.

The much-hyped marketing day is expected to be the largest USA online shopping day ever, generating $7.8 billion in sales, according to research firm Adobe Analytics, which tracks transactions at most of the top U.S. online retailers.

Do you still have room in your wallet for more sales and deals? "I love a deal", tweeted user @Kathryn_nicole1 from Kansas. That's probably why most of the sales on Cyber Monday are almost identical to what you'll find on Black Friday. If not backed with the right IT infrastructure, the heavy traffic will lead to headaches such as outages and other technical glitches.

On Black Friday, websites of clothing retailers J.Crew and Lululemon Athletica Inc and home improvement chain Lowe's Cos Inc suffered technical difficulties because of the surge in orders. As of 12:30 pm ET on Monday, no big US chain had seen any technical difficulties, according to Website outage tracker DownDetector.com.

We gathered the best deals on the products you want for the holiday season to give as gifts for friends and family, or just for yourself because you've totally earned it.

Whenever Black Friday or Cyber Monday knocks on our doors, we can expect Amazon's hardware lineup to drop to its all-time low so that everyone can get a taste of what the retail giant has been working on in terms of hardware.

Toys are expected to have the biggest discounts, Adobe Analytics said, as retailers fill the void left by the bankruptcy of top USA toy retailer Toys "R" Us. It's not a direct discount like Target's deal, but if you shop at Kohl's frequently, it can really pay off.

Shares of Amazon were up as much as 3.2 per cent in early trading, while those of Target rose. "While certain discounts have remained since Black Friday, out-of-stock rates are starting to peak up and shoppers looking for the hottest products should not wait much longer". Amazon's Cyber Monday deals run until December 2.

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