financetom
Business
financetom
/
Business
/
Black Friday data shows US shoppers spent $10.8 bln online
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Black Friday data shows US shoppers spent $10.8 bln online
Nov 30, 2024 7:31 AM

Nov 30 (Reuters) - U.S. shoppers used their mobile

phones, laptops, desktops and other devices to make roughly

$10.8 billion in purchases online on Black Friday, an updated

tally from Adobe Analytics showed.

Black Friday, the day after American Thanksgiving, marks the

official start of the holiday shopping season for retailers and

competition has intensified among retailers to win every

penny-pinched shopper seeking discounts.

Increased online shopping potentially favors e-commerce

giants such as Amazon.com ( AMZN ) and Walmart ( WMT ). Walmart ( WMT ),

which operates 4,700 U.S. stores, has invested heavily in

store-to-home deliveries for the holiday season to boost

e-commerce.

U.S. spending online on Black Friday rose 10.2%, said Adobe,

which keeps track of devices that use its software to help power

more than 1 trillion visits  to  U.S. retail sites.

Corey Coscioni, 58, said he looked for bargains online as

well as in stores on Black Friday, seeking "gifts for everyone:

my wife, my daughter, and myself."

Top selling merchandise online included makeup, skincare and

haircare products, as well as bluetooth speakers and espresso

machines, Adobe said on Saturday.

Online sales of toys rose 622% compared to average daily

sales in October, while jewelry sales rose 561% and appliances

spiked 476% compared to October, it added.

Department store chains such as Macy's and Kohl's

as well as big-box retailer Target ( TGT ) could see

muted sales this season, which is shorter with only 26 days

between Thanksgiving and Christmas.

In 2023, U.S. shoppers spent $9.8 billion online on Black

Friday, and in 2022, they spent $9.1 billion, Adobe said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Atlantic Shores reaffirms commitment to New Jersey offshore wind despite Shell's write-off
Atlantic Shores reaffirms commitment to New Jersey offshore wind despite Shell's write-off
Jan 30, 2025
(Reuters) - Atlantic Shores, a joint venture between Shell Plc ( SHEL ) and France's EDF, reiterated its commitment to delivering New Jersey's first offshore wind project on Thursday, despite Shell's recent $1 billion write-off related to the venture. Shell's fourth-quarter earnings included $2.2 billion in impairments, part of which was a $1 billion write-off for Atlantic Shores, with Chief...
Hilltop Holdings Q4 Earnings, Revenue Rise; Authorizes $100 Million Stock Buyback Program
Hilltop Holdings Q4 Earnings, Revenue Rise; Authorizes $100 Million Stock Buyback Program
Jan 30, 2025
05:45 PM EST, 01/30/2025 (MT Newswires) -- Hilltop Holdings ( HTH ) reported Q4 earnings late Thursday of $0.55 per diluted share, up from $0.44 a year earlier. Four analysts polled by Factset expected $0.28. Revenue for the three months ended Dec. 31, expressed as the sum of its net interest income and non-interest income, rose to $301.1 million from...
Donaldson to Supply Air Filter Tech for Daimler Truck North America's Freightliner SuperTruck III
Donaldson to Supply Air Filter Tech for Daimler Truck North America's Freightliner SuperTruck III
Jan 30, 2025
05:45 PM EST, 01/30/2025 (MT Newswires) -- Donaldson (DCI) said late Thursday it entered into a partnership to supply air filter technology to Daimler Truck North America's Freightliner SuperTruck III. The SuperTruck program is led by the US Department of Energy. The current phase of the SuperTruck program shifts to hydrogen fuel cell technology from diesel engine efficiency, Donaldson said....
Apple shares rise after positive sales outlook
Apple shares rise after positive sales outlook
Jan 30, 2025
(Reuters) -Apple shares rose in after-market trading on Thursday after the company forecast higher sales than Wall Street expected, a sign the company expects iPhone sales to recover as it rolls out artificial intelligence features. Apple executives said they expect sales for the current quarter to rise in the low- to mid-single digit range. After accounting for a 2.5 percentage...
Copyright 2023-2026 - www.financetom.com All Rights Reserved