Home » Economy » Black Friday hits record $9B in US consumer spending
Black Friday hits record $9B in US consumer spending
Maria Bartiromo’s Wall Street – Friday, November 27
On today’s episode of ‘Maria Bartiromo’s Wall Street’, Dagen McDowell tracks the impact of holiday shopping; plus, Maria’s interview with Ledbury CEO Paul Trible on the changing retail landscape and Home Depot CEO Robert Nardelli on the 2021 economy.
Black Friday shoppers in the U.S. spent a record $9 billion this year, despite concerns of surging COVID-19 cases across the U.S., according to data from Adobe Analytics.
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That figure represents a nearly 22% year-over-year increase in consumer spending; Black Friday shoppers spent $7.4 billion in 2019, Adobe Analytics found.
“We are seeing strong growth as consumers continue to move shopping from offline to online this year," Adobe Digital Insights Director Taylor Schreiner said in a written statement. "New consoles, phones, smart devices and TVs that are traditional Black Friday purchases are sharing online shopping cart space this year with unorthodox Black Friday purchases such as groceries, clothes and alcohol, that would previously have been purchased in-store.”