Cyber Monday sales expected to exceed Black Friday’s online record

Black Friday Online Shopping

A group of Black Friday online shopping purchases photographed in delivery boxes filled with polystyrene packing pellets, taken on September 13, 2019. Future Publishing | Future | Getty Images

U.S. retailers are offering big discounts on Cyber Monday, hoping to outpace record Black Friday online sales of $7.4 billion.

The Black Friday record marked the second biggest online shopping day ever seen in the U.S., second only to last year’s Cyber Monday mark of $7.9 billion, according to Adobe Analytics data.

Online sales have increased by 20 percent over the same period in last year’s kick-off of the holiday shopping season.

Shoppers also spent $4.2 billion online on Thanksgiving, another record.

Adobe expected this year’s Cyber Monday to set another record, with sales climbing 18.9 percent over last year to reach $9.4 billion.

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