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Latest Breaking News

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(125,599 posts)
Sat Nov 25, 2023, 07:24 PM Nov 2023

Energized shoppers break one-day holiday sales record [View all]

Source: CNN Business

Published 2:07 PM EST, Sat November 25, 2023

CNN — Whether they jostled through brick-and-mortar stores or toggled between tabs and virtual carts, holiday shoppers were eager to participate in Black Friday this year.

Both in-store and online retail sales increased year-over-year unadjusted for inflation, according to Mastercard’s SpendingPulse insights, which noted that apparel, jewelry and restaurant categories saw considerable spikes. In-store sales jumped a little more than 1%, while e-commerce led the charge with an increase of 8.5%.

However, Sensormatic Solutions, which tracks shopper traffic at brick-and-mortar stores, found that visits on Black Friday were up 4.6% from 2022. This is a turnaround for retailers, the company said, as foot traffic has been down an average of 2.4% this year.

“Though we anticipated an increase, in-store shopper traffic outperformed our expectations,” Grant Gustafson, head of retail consulting and analytics at Sensormatic, said in a statement. “Consumers are again finding joy in brick-and-mortar shopping, seeing it as an experience to be shared with loved ones. It’s a testament to the hard work retailers have done to streamline journeys and deliver satisfying experiences.” Adobe Analytics, which tracks US online shopping, reported a record $9.8 billion in Black Friday sales, up 7.5% from 2022, driven by surging demand for electronics such as televisions, smart watches and audio equipment.

Read more: https://www.cnn.com/2023/11/25/business/record-breaking-holiday-shopping/index.html

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Good indicator. OAITW r.2.0 Nov 2023 #1
Only if . . . Aussie105 Nov 2023 #3
But Forbes says ... usonian Nov 2023 #2
Indeed: Why buy data when you can just make it up! Aussie105 Nov 2023 #4
Yup. BumRushDaShow Nov 2023 #5
We'll see what the market says tomorrow Shermann Nov 2023 #17
Forbes is like the one soldier who is marching in time while all the others aren't! usonian Nov 2023 #21
Gotta keep consuming natural resources NickB79 Nov 2023 #6
Humanity needs to solve the "success is measured by growth" paradox RandomNumbers Nov 2023 #22
People will complain about increase prices on basics like food JI7 Nov 2023 #7
That's the truth Rebl2 Nov 2023 #8
Other things, like yard inflatables of Santa Claus and reindeer RandomNumbers Nov 2023 #23
I didn't even think about it and just got tickets to the Napoleon movie for Friday. Tikki Nov 2023 #9
A lot of people come out to see the crowds. Aussie105 Nov 2023 #12
Some group has slightlv Nov 2023 #10
We have some rules about presents here. Aussie105 Nov 2023 #11
I like the way you think! slightlv Nov 2023 #31
Yeah, taxes and HOA. Igel Nov 2023 #24
Like me, you look for slightlv Nov 2023 #32
Hooray? Prairie Gates Nov 2023 #13
With shopping apps and store rewards and other things JI7 Nov 2023 #14
I needed a replacement multimeter today moniss Nov 2023 #15
Credit cards John Shaft Nov 2023 #16
great job folks Conjuay Nov 2023 #18
Surely this is fake news. To hear Republicans tell it, there are bread lines. Vinca Nov 2023 #19
Stonks up tomorrow? flamingdem Nov 2023 #20
"... and we'll explain why this is BAD FOR DEMOCRATS, right after this commercial break." Oopsie Daisy Nov 2023 #25
They want to spend their money Turbineguy Nov 2023 #26
Exactly. When Mr. 9/11 or Mr. Bone Spurs were in office, it was an "economy roaring back" at the slightest uptick. peppertree Nov 2023 #28
All I could contribute to the trend, was a soundtrack on e-Bay. peppertree Nov 2023 #27
Nobody got trampled to death trying to get a 2 dollar crock pot? Cheezoholic Nov 2023 #29
Today, we spend. Tomorrow, we die. Kennah Nov 2023 #30
There'll be nothing left for me to buy except donuts bucolic_frolic Nov 2023 #33
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