US: Black Friday sees 14.6% surge in online sales, in-store sales up 0.7%

Quick Summary:

US retail sales saw an annual growth of 3.4% on Black Friday, with e-commerce increasing by 14.6% and in-store sales by 0.7%, according to Mastercard.

Key drivers included online purchases on mobile devices.

Facteus data indicated flat sales for Best Buy and Target, while Adobe reported a 10.2% increase in online spending to $10.8 billion on Friday.

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Article Details

Author / Journalist: TOI World Desk

Category: EconomyBusiness

Markets: IndiaIsrael

Topics: Holiday shopping season 2023 E-commerce sales surge Online retail growth Consumer spending trends Black Friday sales 2023

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-01 @ 13:54:24 (3 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 862 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23999412

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