U.S. online holiday spending is expected to grow at its slowest pace in at least eight years, as product shortages, higher prices, and lingering pandemic-related uncertainties threaten to put a strain on the shopping season.
Adobe Analytics forecast an average 10 percent growth or $207 billion in online sales in November and December, compared with a record 33 percent jump in 2020 when people chose to shop from home, instead of traveling to stores during the pandemic.
