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, ...
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 ...
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.
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 ...
How Adobe’s Transparent Approach To AI Content Impacts Creators
Meta dismisses fact checkers and welcomes AI-generated personas, Disney takes a majority stake in Fubo and settles litigation.
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.
Husch Blackwell Hires Former Adobe Counsel to Oversee AI Advisory Offering
Michael Yang will serve as the firm’s inaugural Senior Director of Artificial Intelligence Advisory Services, following an 11 ...
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 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 Acrobat AI Assistant vs. Dropbox Dash: Which Offers the Better AI Help Tools for Documents?
Both Dropbox Dash and Adobe Acrobat AI Assistant help summarize and organize my documents. The AI features in both are super ...
Adobe downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Brad Zelnick downgraded Adobe (ADBE) to Hold from Buy.Stay Ahead of the Market:Discover outperforming stocks and invest ...