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US Thanksgiving weekend, Cyber Monday set new records

The figure is a gain of approximately 17 million shoppers from last year and it beat the organizations' estimate of 166.3 million made before Thanksgiving weekend.

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"As inflationary pressures persist, consumers have responded by stretching their dollars in any way possible. Retailers have responded accordingly, offering shoppers a season of buying convenience, matching sales and promotions across online and in-store channels to accommodate their customers at each interaction," he added.