The Washington Post reports that Adobe yesterday said that "retailers pulled down some $91.7 billion in digital sales" during the just-ended holiday shopping season. "That haul represents an 11 percent increase over last year and surpassed Adobe’s earlier projections for the season by $115 million ... The strong growth in online spending reflects a long-term shift in which shoppers are choosing the convenience of swiping, tapping and clicking over a trip to the mall. Indeed, in-store analytics tracker RetailNext reported Thursday that mall traffic sank 12.3 percent in November and December, while sales dropped 9.9 percent."
- KC's View: