Cyber Monday Shopping Expected to Hit New Record

Cyber Monday shopping is expected to hit a new record for the sixth year in a row. Shoppers are expected to spend as much as $6.6 billion dollars-- almost 17% more than last year.

Posted: Nov. 27, 2017 10:13 AM
Updated: Nov. 27, 2017 10:13 AM

(CNN)-- Cyber Monday shopping is expected to hit a new record for the sixth year in a row.

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Shoppers are expected to spend as much as $6.6 billion dollars-- almost 17% more than last year.

That's according to Adobe Digital Insights, a group that tracks online spending.

Online shopping has been growing for years, which put a strain on brick-and-mortar retailers.

One analyst says most Cyber Monday shoppers wait until the last minute to hit the "Buy" button.

She says the peak time for buying is between 8:00 and 11:00 p.m. -- not long before the deals disappear on Tuesday.

Click here for a list of major Cyber Monday sales.

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