Online Holiday Discounts Could Reach Record Highs Report Says—But Inflation Is Expected To Cut Into Spending Oled - Adobe HEAD TOPICS

Online Holiday Discounts Could Reach Record Highs Report Says—But Inflation Is Expected To Cut Into Spending

10/22/2022 8:30:00 PM

Online sales during the 2022 holiday shopping season could hit $209 7 billion according to data from Adobe Analytics

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Forbes

Online sales during the 2022 holiday shopping season could hit $209 7 billion according to data from Adobe Analytics Record high price cuts are expected for products such as electronics, toys and computers, according to Adobe ’s online shopping forecast. A woman shops on her laptop.gettyKey FactsThe projected $209.7 billion in sales from November 1 to December 31 represents just a 2.5% increase from the same period during 2021 as major discounts are expected to cut into sales and as some shoppers also choose to return to stores as the Covid-19 pandemic eases. Discounts for computers could reach as high as 32%, up from 10% in 2021, while price cuts for electronic products overall could hit 27%, up from 8% last year, according to Adobe’s forecast, which is based on data from 85% of the top 100 e-commerce retailers. Read more:
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Drones vs. deforters: The battle to save the AmazonThe use of drones to battle deforestation in the Amazon has helped Indigenous communities and local authorities fend off loggers and avoid dangerous confrontations. from Adobe Analytics, though the number represents the slowest pace of growth since 2015 due to expected record high discounts as companies contend with stock surpluses and spenders worried about inflation.2019  also had rules for secure ballot drop boxes.Here’s more of what you need to know about the retirement adjustments for 2023.Follow Us. A woman shops on her laptop. getty Key Facts The projected $209. Since the boxes are monitored by people on site,"I think that would be a deterrent" to criminal activity, said Tommy Doyle, Lee County supervisor.7 billion in sales from November 1 to December 31 represents just a 2. That will be jumping from $61,000 to $66,000 for younger workers and from $67,500 to $73,500 for those 50 plus, who get that catch-up boost.5% increase from the same period during 2021 as major discounts are expected to cut into sales and as some shoppers also choose to return to stores as the Covid-19 pandemic eases.  Drop boxes are wheeled inside to secure election offices at the end of the day, and those inside are locked up, officials said. Discounts for computers could reach as high as 32%, up from 10% in 2021, while price cuts for electronic products overall could hit 27%, up from 8% last year, according to Adobe’s forecast, which is based on data from 85% of the top 100 e-commerce retailers. Other major potential discounts include toys (22%), televisions (19%), apparel (19%) and appliances (18%). Ballot drop boxes have been safely used nationwide Outdoor drop boxes are often made of heavy metal and bolted to the ground. It works like this: Pre-tax contributions reduce your current tax bill and grow tax deferred, but all your withdrawals in retirement are taxable (with certain exceptions for money transferred directly to charity). Discounts are expected earlier than usual this year, with price cuts of 15% on average expected as soon as the second week of October, while the largest deals will be offered between Thanksgiving and Cyber Monday, Adobe said. Major sales days like Black Friday and Thanksgiving are “losing prominence,” Adobe said, noting sales on Thanksgiving day are predicted to fall 1% from the year before, as online shopping becomes a more daily activity for U. Many drop boxes are under surveillance by either staff or video.S. IRA Contributions And Income Limits While the amount you can contribute to an IRA is rising from $6,000 to $6,500, that’s not the only number that has been adjusted for inflation. consumers and as companies offer broader discounts throughout the full holiday season. The Elections Group, which offers technical expertise to election officials,  recommends  that officials place drop boxes in secure locations and prepare law enforcement to respond to incidents. Big Number $590 billion. That’s how much consumers have already spent on total online purchases this year, up 8. One of the best security measures for voters who cast mail ballots — via a drop box or mailbox — is to track those ballots. If your spouse is covered by a workplace plan and you’re not, your deduction for an IRA phases out between $218,000 and $228,000 in 2023, up from $204,000 to $214,000 in 2022.9% from the same period the year before, according to Adobe. Online sales have tripled since the pandemic began amid lockdowns and people have turned to e-commerce instead of in-person shopping, according to an from Barrons. Paul Gronke, an expert on early voting at Reed College, said"one of the big advantages of voting by mail is that the ballot can be tracked and if it never arrives at an elections office, the voter can cast a replacement ballot. What To Watch For Adobe predicts the top gifts for this season could include the Nintendo Switch OLED; the Dyson Airwrap Styler; the Apple Watch Series 8/Ultra; AirPods Max/Pro; the PlayStation 5; the Xbox Series X; Stanley Tumblers and gift cards, according to market trends and social media interest. Roth IRAs are generally considered a desirable account to fund because they are so flexible—you can always take out your original contributions to a Roth IRA without facing the sort of tax penalties that can hit pre-retirement withdrawals from other accounts. Key Background This year’s holiday season comes after consumers have cut back on spending in certain areas as prices have soared for a host of items this year, including groceries, gas and rent. Several major retailers this year were forced to offer big discounts in an effort to get rid of many pandemic-era goods still sitting on shelves, including active and leisure apparel, outdoor furniture and several home products and appliances. Changes in consumer preferences more than two years into the Covid-19 pandemic, supply chain delays and limited discretionary spending are some of the main reasons behind the glut of inventory, leading companies to offer earlier discounts, and potentially cutting into purchases during the holiday season. For married couples filing jointly, the phase-out range will be $218,000 to $228,000, up from $204,000 to $214,000 this year. In 2021, there “wasn't a lot of product” and so retailers “didn't need to discount,” Brian Yarbrough, an analyst at Edward Jones, Bloomberg. “Fast forward to this year and we're in the exact opposite situation,” he said. Further Reading . That’s considered an employer contribution and is based on total earnings.