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Adobe, Online
Online holiday spending rises nearly 9% as deep discounts and AI-powered chatbots fuel purchases, Adobe data says
Deep discounts motivated holiday shoppers to spend, according to Adobe’s data. For every 1% drop in the typical price, demand for merchandise increased by about 1% compared with the 2023 holiday season, Adobe data found. That led to an additional $2.25 billion in online spending.
Online holiday shopping soars to record high amid rise of AI shopping assistants, Adobe data shows
Online holiday shopping soared to a fresh record high in 2024, driven by an array of e-commerce discounts and adoption of AI-fueled shopping assistants, according to data released on Tuesday by Adobe.
Adobe: Holiday Shopping Season Drove a Record $241.4 Billion Online and Rising 8.7% YoY
This season, Adobe's data showed that for every 1% decrease in price, demand increased by 1.029% compared to the 2023 season. This drove an additional $2.25 billion in online spend-a figure factored into the overall $241.4 billion spent online-and shows the stronger response to discounts from price-sensitive shoppers.
Holiday Online Spending Rose 8.7%, Powered by AI Chatbots and Deep Discounts
Online spending surged 8.7% during the 2024 holiday season, reaching over $240 billion, according to Adobe Analytics. This increase was driven by strong demand and AI-powered chatbots, which helped guide shoppers to better deals.
4h
Adobe: Strategic Transition To Subscription-Based Model Will Keep Leading Position
Adobe's transition to a subscription-based model ensures stable, predictable cash flows and positions it well for innovation.
1d
AI Is Reimagining Every Aspect Of Business, Adobe’s Strategy Lead Says
Scott Belsky says AI is collapsing boundaries between traditional business functions and putting more creative ability within ...
13h
Husch Blackwell Hires Former Adobe Counsel to Oversee AI Advisory Offering
Michael Yang will serve as the firm’s inaugural Senior Director of Artificial Intelligence Advisory Services, following an 11 ...
Hosted on MSN
7d
Investors Heavily Search Adobe Inc. (ADBE): Here is What You Need to Know
Adobe Systems (ADBE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
4d
Here's Why Adobe Stock Slumped in December (Hint: It's AI Related)
There's also nothing wrong with Adobe's valuation on a backward-looking basis. With almost $7.9 billion in FCF generated in ...
20h
Majority Believe That Generative AI Enhanced Shopping Experience: Adobe Analytics Data
Tuesday disclosed online shopping data for the 2024 holiday season, covering the period from November 1 through ...
9h
Adobe Acrobat AI Assistant can transform your document research from your smartphone
You can transform your research and reading using Acrobat's AI features and integrate images better and faster using other ...
digitalcameraworld on MSN
12d
What to expect from Adobe in 2025
Adobe has been at the forefront of image and video software for decades. Photoshop and Lightroom have long been the ...
JD Supra
4d
Adobe Issues Patches for ColdFusion “High Severity” Vulnerability
Adobe recently issued a patch for a high-severity vulnerability for ColdFusion versions 2023.11 and 2021.17 and earlier; according to the ...
1d
on MSN
Autodesk, Adobe lead design software names on gen-AI opportunity: Barclays
Autodesk (NASDAQ:ADSK) and Adobe (NASDAQ:ADBE), along with nCino (NASDAQ:NCNO) and Varonis Systems (NASDAQ:VRNS), rank as top ...
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