U.S. retailers are estimated to generate online sales of up to $11.3 bn on Cyber Monday, a decline from a year earlier as fewer discounts and limited choices due to global supply chain disruptions deter shoppers.
Asian shares fell on Friday as disappointing earnings from Chinese e-commerce giant Alibaba heightened worries about Beijing's broad regulatory crackdown and slowing growth in the world's second-biggest economy.
Celebrity virtual appearances and flashy deals kicked off Alibaba Group Holding Ltd's final 24 hours of its Singles' Day shopping event on Thursday, hoping to draw shoppers as it preaches sustainability this year.
Major clothing and shoe companies are moving production to countries closer to their U.S. and European stores, smarting from a resurgence in cases of coronavirus in Asia that slowed production earlier this year.
Pinterest Inc forecast fourth-quarter revenue growth in the high-teens percentage range, after online retailers splurging on ads before the holiday season helped the image-sharing company beat quarterly estimates.
Many consumers are entering the holiday season with more disposable income, but retailers are up against a supply chain crisis that has left them scrambling to stock enough partywear, among other things.
Facebook Inc said on Monday it will start breaking out the financials for its virtual and augmented reality unit, an announcement that comes as its main advertising businesses face "significant uncertainty."
Britain will announce a rise in its minimum wage for those aged 23 and over to 9.50 pounds ($13.06) per hour from 8.91 pounds in the government's budget statement on Wednesday, the finance ministry said on Monday.
U.S. online holiday spending is expected to grow at its slowest pace in at least eight years, as product shortages, higher prices and pandemic-related uncertainties threaten to put a strain on the shopping season.