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US Online Holiday Spending Hits Record Levels Despite Slower Growth, Adobe Says

Inflation and the economic fallout from President Trump’s trade policies have made budget-conscious shoppers more cautious about discretionary ‍purchasesh.
Shoppers look in store windows and walk down the street on Fifth Avenue in New York during the holiday season.
Shoppers on Fifth Avenue in New York during the holiday season. (Shutterstock)

US online holiday spending growth slowed in the 2025 season, Adobe Analytics data showed on Wednesday, even as shoppers set a record on the back of steep discounts and wider use of buy-now-pay-later plans.

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