Online holiday sales are set to reach $221.8 billion in 2023, a 4.8% increase from the same period last year, according to a study.
Software company Adobe based this projection on analytics of more than a trillion visits to e-commerce platforms by US shoppers. Its data also covered 100 million stock-keeping units (SKUs) and 18 product categories, from toys to appliances and sporting goods.
Despite an uncertain economy, with a mixture of interest rate and inflation worries hurting consumers, Adobe expects e-commerce sales to rise at a faster rate than in 2022, when comparative totals grew by 3.5% to $211.7...