A Hunter x Hunter fighting game is officially in development, as announced by publisher Bushiroad at Jump Festa 2024. It’s being worked on by DNF Duel and Tatsunoko vs Capcom developer Eighting.
28.11.2023 - 04:05 / tech.hindustantimes.com
Spending online on Cyber Monday is set to exceed $12 billion, a record, as bargain hunters snap up deals on items including Barbie dolls, Lego sets, headphones and smart watches, according to preliminary estimates from Adobe Digital Insights.
The estimate projects U.S. shoppers will spend $12 billion-$12.4 billion on Cyber Monday, the biggest U.S. online shopping day.
A significant portion of this spending, around $4 billion, is expected to occur between 6 p.m. and 11 p.m. EST, particularly from last-minute shoppers, it said. At the top end, this would represent an 9.7% increase compared to the $11.3 billion spent on Cyber Monday last year.
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Retailers have been coaxing inflation-weary U.S. shoppers to open their wallets on Cyber Monday with push notifications, text messages and video streaming ads touting heavily discounted cosmetics, electronics, toys, clothing and other products.
The push seems to have worked with U.S. shoppers spending $8.3 billion online as of 6 pm EST (2300 GMT), according to Adobe Analytics, which tracks data through Adobe's Experience Cloud service for e-commerce platforms.
A record amount of price-pinched holiday shoppers are also expected to use buy now, pay later services for Cyber Monday to relieve stress on their wallets, according to the firm.
"Whether the consumer is going to continue at this pace or not, we'll continue to see them spend. I think this is going to be a much better-than-advertised Christmas," said Nancy Tengler, CEO of Laffer Tengler Investments in Scottsdale, Arizona.
Shoppers have been hunting for deals since 12 a.m. on Monday with transactions during the first 12 hours of the day exceeding those during the same timeframe in 2022, according to data firm Criteo, which tracks sales from more than 700 brands and retailers in the United States.
"Consumers are quite resilient and have found ways to buy presents and experiences for their kids and their pets," said Matthew Katz, Managing Partner at consulting firm SSA & Company.
Still, Walmart , Target and Home Depot are among firms to raise caution on the strength of the consumer, citing higher interest rates and depleting household savings.
Charles Sizemore, chief investment officer at Sizemore Capital Management, said he expects retailers to have to discount more in the weeks ahead.
This makes him worried about profit margins at a time input and labor costs have not come down and shoppers continue to be picky. "I really think margins are going to be depressed," during the holiday season, said Sizemore, whose firm holds about $2 million of shares each in Walmart and Target.
Amazon began marketing Cyber Monday Deals as early as Saturday, including discounts of up to 46% on some
A Hunter x Hunter fighting game is officially in development, as announced by publisher Bushiroad at Jump Festa 2024. It’s being worked on by DNF Duel and Tatsunoko vs Capcom developer Eighting.
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Update: It's now Cyber Monday, which means new deals and more opportunities to grab a bargain. As before, we'll be updating this page throughout the day to highlight the best discounts available at retail.
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CD Projekt Red has made quite a name for themselves. This studio is known for thrilling RPG experiences, especially with the release of The Witcher franchise. However, after The Witcher 3, the studio tackled a different IP. We eventually received Cyberpunk 2077, a game that traded in the fantasy aspect and monster hunting for a futuristic criminal underworld. The game has been available for several years now, but as you know, it just recently had a resurgence thanks to Phantom Liberty. CD Projekt Red had started a new marketing campaign with the Night City Archives to keep the momentum going and potentially rope in some new players.
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US shoppers spent $12.4 billion on Cyber Monday, a record result demonstrating the continued resilience of consumers despite dwindling pandemic-era savings and high interest rates.
With work on Cyberpunk 2077 winding down post-Phantom Liberty and more resources now being shifted to The Witcher 4, CD Projekt Red hopes to expand its development operations to a scale "not precedented in the history of our company."