“Black Friday Online Sales Hit Record $9.8 Billion in the US, Electronics Drive Surge”
Black Friday online sales in the US reach a new pinnacle at $9.8 billion, driven by a surge in demand for electronics, signaling a positive shift for retailers amid subdued holiday sales forecasts. However, concerns linger over slower growth rates compared to pre-pandemic levels.
Black Friday online shopping in the United States witnessed a historic surge, hitting a record $9.8 billion in sales, signaling a promising turn for retailers amid concerns over sluggish holiday season forecasts, reports Adobe Analytics.
The robust online spending spree on Black Friday showcased a remarkable 7.5% increase compared to the previous year, largely propelled by surging demand for electronics, smartwatches, TVs, and audio equipment. Notably, consumers expanded their budgets by embracing buy-now, pay-later options, registering a substantial 72% surge from the week preceding Thanksgiving.
This surge marks a stark rebound from the challenges faced during the prior holiday season, where high inflation weighed on consumers’ purchasing power, prompting retailers to heavily discount to alleviate bloated inventories. This year, the holiday shopping trends serve as a barometer for gauging US consumer resilience amid diminishing pandemic-era savings and persistently high interest rates, reaching levels not seen in over 20 years.
A separate gauge by Salesforce Inc. reported a 9% year-on-year growth in US online sales, attributed to robust demand in footwear, sporting goods, health, and beauty products. Notably, clothing, home goods, and beauty items showcased substantial discounts.
The online sales trend leading up to Cyber Monday on November 27 provides an early indicator of holiday-season performance for companies, particularly as they anticipate slower brick-and-mortar data. However, initial forecasts for November and December signal subdued sales growth.
Salesforce predicted a mere 1% growth in online sales during this period compared to 2022, marking the slowest pace in at least five years. Adobe Analytics expects a 4.8% revenue increase, significantly below the pre-pandemic average annual growth rate of 13%. Discrepancies in their data analysis methodologies account for the variance in these predictions.
Meanwhile, global Black Friday sales on Canada-based e-commerce platform Shopify Inc. surged by 22%, spearheaded by heightened demand in clothing, personal care, and jewelry categories.
Sources By Agencies
About The Author
best allergy medicine without antihistamine most recommended allergy medication best allergy medication for itching
prednisone 20mg tablet prednisone 40mg tablet
heartburn after swallowing pill ciprofloxacin 500mg for sale
list of prescription acne medication accutane 10mg canada best pills for pimples
3rd generation antihistamines list generic allergy pills prescription medication for severe allergies
anti nausea medication from pharmacy allopurinol 100mg pills
top 10 strongest sleeping pills provigil 100mg usa
brand amoxicillin amoxicillin 250mg oral amoxil 250mg pill
oral zithromax buy generic zithromax zithromax 500mg brand
neurontin 600mg price neurontin over the counter
buy azithromycin no prescription azithromycin 500mg over the counter azithromycin 500mg oral
how to get furosemide without a prescription order lasix without prescription
cost omnacortil 5mg buy omnacortil paypal prednisolone 5mg tablet
deltasone us buy generic prednisone 20mg
amoxil 1000mg without prescription order amoxicillin 500mg generic buy amoxil generic
order monodox pill monodox tablet
order albuterol generic buy albuterol order albuterol 2mg sale
clavulanate without prescription amoxiclav online
buy levothyroxine online cheap levothyroxine online buy synthroid for sale
vardenafil online oral levitra
order clomid without prescription serophene generic order clomiphene 100mg online
order semaglutide 14mg order semaglutide online buy rybelsus 14 mg
brand deltasone 20mg buy deltasone 10mg for sale order prednisone generic
rybelsus cost rybelsus 14 mg drug semaglutide without prescription
isotretinoin 10mg pills isotretinoin for sale online isotretinoin usa
cheap ventolin order ventolin online cheap buy ventolin without prescription
order amoxil 500mg online oral amoxil 1000mg buy amoxicillin 500mg pills
augmentin 625mg for sale order augmentin for sale buy cheap augmentin
buy zithromax generic buy zithromax without a prescription where to buy azithromycin without a prescription
buy omnacortil 5mg sale order prednisolone generic omnacortil oral
order clomid 50mg without prescription clomid 50mg us buy clomid 50mg without prescription
gabapentin 800mg over the counter buy gabapentin 800mg generic buy gabapentin 600mg without prescription
rx pharmacy online viagra viagra pills 50mg viagra sale
order furosemide pills generic lasix 40mg where to buy furosemide without a prescription
cheap rybelsus buy rybelsus 14 mg generic semaglutide 14 mg oral
oral doxycycline 100mg monodox medication buy doxycycline 100mg online
play online blackjack real money casino slot games empire casino online
order generic levitra 20mg purchase vardenafil levitra 20mg price
lyrica 75mg canada pregabalin 150mg ca lyrica 150mg brand
buy aristocort 4mg online triamcinolone 10mg pills purchase aristocort sale
order cialis 20mg generic order tadalafil without prescription tadalafil 40mg us
desloratadine over the counter order clarinex 5mg sale clarinex usa
cost cenforce buy cenforce buy cenforce online cheap
purchase loratadine online loratadine cheap buy claritin medication
chloroquine tablet buy chloroquine 250mg generic cheap aralen 250mg
order metformin 1000mg pill metformin 1000mg canada generic glucophage 500mg
buy generic xenical 60mg diltiazem for sale diltiazem 180mg ca
amlodipine online purchase norvasc online norvasc sale
order zovirax 400mg pills zyloprim tablet where to buy allopurinol without a prescription
buy lisinopril pills buy zestril 2.5mg for sale where can i buy zestril
buy crestor 20mg buy generic rosuvastatin for sale buy zetia generic
order omeprazole 20mg purchase omeprazole sale buy omeprazole pills for sale
buy domperidone cheap domperidone price buy sumycin 250mg without prescription
metoprolol 100mg pill purchase lopressor without prescription metoprolol 50mg over the counter
cyclobenzaprine ca buy cyclobenzaprine 15mg online baclofen order
tenormin 50mg us tenormin 50mg pills brand atenolol 100mg
buy ketorolac gloperba cost buy generic gloperba for sale