Transcript for Cyber Monday and Beyond
>>> ALL RIGHT, WELCOME BACK TO
"GMA3," EVERYBODY.
THANKSGIVING, BEHIND US.
HOLIDAY SHOPPING SEASON IS
OFFICIALLY UNDER WAY, AND WE
HAVE BEEN TALKING ABOUT HIGH
INFLATION FOR QUITE A WHILE, BUT
IT SEEMS AMERICANS ARE STILL
WILLING TO REACH FOR THOSE
WALLETS, SPENDING A RECO
RECORD $9 BILLION IN ONLINE
SALES ON BLACK FRIDAY ALONE.
>> ABC NEWS BUSINESS
CORRESPONDENT ALEXIS
CHRISTOFOROUS JOINS US WITH MORE
ON THAT.
RECORD-BREAKING NUMBERS.
WHAT DOES THAT TELL YOU ABOUT
WHERE WE ARE AND PERHAPS WHAT
TODAY IS GOING TO BRING, CYBER
MONDAY?
>> YOU KNOW, I WAS A LITTLE
SURPRISED THAT WE HAD SUCH
STRONG SPENDING BECAUSE WE'RE
ALL DEALING WITH HIGH INFLATION,
SPENDING MORE FOR JUST ABOUT
EVERYTHING.
60% OF AMERICANS SAY THE ECONOMY
IS ACTUALLY GOING TO IMPACT
THEIR HOLIDAY SPENDING THIS
YEAR.
SO, A LOT OF PEOPLE ARE OUT
THERE NOW LOOKING FOR BARGAINS.
WE SAW A NUMBER OF PEOPLE
INCREASE THEIR VISITS TO STORES.
PEOPLE ACTUALLY VISITING THE
STORES UP 3% THIS BLACK FRIDAY
VERSUS LAST.
I WAS ONE OF THEM.
I WAS AT A MALL IN UPSTATE NEW
YORK, AND WHILE IT WAS MORE
CROWDED, I DIDN'T SEE PEOPLE
SHOPPING.
I DIDN'T WAIT ON A LOT OF LINES
WHEN I WAS CHECKING OUT, PUT IT
THAT WAY.
I'M CALLING IT SOCIAL SHOPPING.
THEY WENT, THEY CHECKED THINGS
OUT, DID A LITTLE WINDOW
SHOPPING, ATE OUT.
RESTAURANT SALES WERE VERY HIGH
THIS PAST WEEKEND, AND WHEN THEY
DID WANT TO BUY, THEY DID IT
ONLINE.
AS YOU SAID, ONLINE SHOPPING AT
A RECORD $9.12 BILLION.
SOME OF THAT IS INFLATION.
WE'RE PAYING MORE TO BUY LESS.
BUT STILL A STRONG NUMBER, AND
TODAY, CYBER MONDAY, WE'RE
EXPECTING IT TO BE EVEN BETTER,
EXPECTING SALES TO TOP
$11.2 BILLION.
IF THEY DO, IT WILL BE ANOTHER
RECORD.
>> DO WE SEE TRENDS ALREADY AND
EVEN SOME ITEMS THAT ARE TOP
SELLERS RIGHT NOW?
>> THE TOP SELLERS.
ELECTRONICS.
ANYTHING APPLE.
SOME OF THE APPLE iPHONES ARE
HAVING TROUBLE, THE SUPPLY CHAIN
ISSUES ARE CREEPING BACK IN, SO
APPLE WATCHES, MACBOOKS, ALL
THOSE THINGS, POPULAR RIGHT NOW.
DRONES ARE REALLY POPULAR.
AND OF COURSE, GAMING.
WE'VE GOT "FIFA 23" MAYBE WITH
THE WORLD CUP OUT RIGHT NOW,
IT'S TOP OF MIND.
SO, ALL THOSE THINGS ARE
POPULAR.
IN TERMS OF TRENDS, WE'RE NOT
SEEING IMPULSE BUYING.
PEOPLE ARE NOT GOING OUT THERE
AND SPLURGING.
THEY'RE BEING REALLY STRATEGIC
WITH THEIR PURCHASES.
ALSO, FLEXIBLE SPENDING
PAYMENTS, REALLY POPULAR.
BUY NOW, PAY LATER.
THOSE PAYMENTS ARE UP 78% IN
JUST THE PAST WEEK.
AND IF YOU'RE BUYING ONLINE,
YOU'RE DOING IT ON YOUR CELL
PHONE.
ONLINE ORDERS, 48% OF THEM WERE
DONE ON A SMARTPHONE.
>> WOW.
>> I CAN'T DO IT.
I PREFER TO SEE IT ON MY LAPTOP,
MY COMPUTER.
>> WE'RE OLDER.
I'M THE SAME WAY.
I KNOW YOU LIKE YOUR LAPTOP.
ALL RIGHT, PEOPLE ARE LOOKING
FOR DISCOUNTS, FOR SURE, WITH
THE ECONOMY THE WAY IT IS RIGHT
NOW.
SO, WHAT ARE WE GOING TO SEE
MOST DISCOUNTED, AND THEN THE
BIG QUESTION, IS IT BETTER --
ARE THE DISCOUNTS GOING TO BE
BEST TODAY OR ARE YOU GOING TO
SAVE MORE IF YOU WAIT?
>> THAT'S THE BIG QUESTION.
DO I WAIT FOR THE BIG DEAL?
IN TERMS OF WHAT'S ON SALE,
COMPUTERS, BIG MARKDOWNS THERE.
ELECTRONICS, CLOTHING.
I SAW 60% OFF AT THE MALL THIS
PAST WEEK, BUY ONE, GET TWO
FREE.
I HAD TO LOOK AT THAT SIGN A
COUPLE TIMES.
>> WHAT WAS THAT?
>> T-SHIRTS.
I WAS OUT WITH MY DAUGHTER, SO
GRAPHIC TEES, YOU KNOW?
YEAH, SO, THE QUESTION IS, ALSO,
OUTDOOR-TYPE STUFF THAT WE
COULDN'T GET DURING THE
PANDEMIC, LIKE FIRE PITS.
REMEMBER WHEN THEY WERE ALL THE
RAGE?
BIG, STEEP DISCOUNTS THERE AS
WELL.
SHOULD YOU WAIT FOR THE
DISCOUNTS?
LOOK, RETAILERS HAVE BEEN STUCK
WITH A LOT OF UNSOLD
MERCHANDISE, BECAUSE THEY
OVERBOUGHT DURING THE PANDEMIC.
SO, THESE BIG DISCOUNTS HAVE
BEEN GOING ON WELL BEFORE BLACK
FRIDAY.
WE SAW THIS HAPPENING IN
OCTOBER.
SO, THE DEAL IS, IF YOU SEE
SOMETHING THAT YOU WANT, IT'S
GOING TO BE IN HIGH DEMAND, AND
THE PRICE POINT IS WHERE YOU
NEED IT TO BE, DO IT, BECAUSE
YOU DON'T WANT TO BE STUCK NOT
HAVING THAT ITEM IN STOCK.
>> AND THIS IS ALSO ALWAYS THE
PRIMETIME FOR SCAMS OUT THERE.
JUST A REMINDER, FOLKS, WHAT
THEY NEED TO LOOK OUT FOR.
>> 'TIS THE SEASON TO STEAL OUR
PERSONAL INFORMATION.
THEY DON'T TAKE A HOLIDAY.
WE NEED TO STAY VIGILANT, AND
SOCIAL MEDIA IS A GOLD MINE FOR
THESE SCAMMERS.
YOU WANT TO BE VERY SUSPICIOUS
OF A SOCIAL MEDIA OR EMAIL
ADVERTISEMENTS PROMISING BIG
DISCOUNTS, PROMISING LOW
SHIPPING.
YOU WANT TO MAKE SURE YOU'RE
DEALING WITH A LEGITIMATE
RETAILER.
CHECK THE CUSTOMER REVIEWS ON
THAT.
WE'RE ALSO LOOKING FOR
MISSPELLINGS OR POOR GRAMMAR IN
THE WEBSITE ADDRESS.
THAT'S A SIGN THAT IT'S A FAKE.
THIS YEAR, TOO, WE'RE ALSO
SEEING THESE FAKESTERES COME OUT
WITH EMAILS TELLING YOU, YOUR
CREDIT CARD TRANSACTION HAS
FAILED, NOW WE WANT YOU TO PAY
US VIA VENMO OR PAYPAL.
GO DIRECTLY TO THE VENDOR.
SOMETHING TO BE SMART ABOUT,
WHEN THEY SAY, DO YOU WANT TO
CREATE AN ACCOUNT OR CHECK OUT
AS A GUEST?
TRY TO CHECK OUT AS A GUEST
WHENEVER POSSIBLE.
WHEN YOU CREATE AN ACCOUNT,
YOU'RE KEEPING PERSONAL
INFORMATION, INCLUDING YOUR
CREDIT CARD, ON THEIR SERVERS.
IF THEY GET HACKED, YOU CAN
COMPROMISE YOUR PERSONAL
INFORMATION.
ALSO, TRY TO PAY WITH A CREDIT
CARD VERSUS A DEBIT CARD.
CREDIT CARD OFFERS MORE FRAUD
PROTECTION, AND THE OLD ADAGE.
IF THE DEAL SEEMS TOO GOOD TO BE
TRUE, IT PROBABLY IS.
>> ABC NEWS BUSINESS
CORRESPONDENT ALEXIS
CHRISTOFOROUS, THANK YOU SO
MUCH.
WE APPRECIATE IT.
>> MY PLEASURE.
>> YOU'RE SUCH A FRIEND.
YOU'VE DONE SO MUCH FOR US HERE
ON "GMA3."
GOOD TO HAVE YOU IN
This transcript has been automatically generated and may not be 100% accurate.