Cyber Monday shoppers are expected to set a record on the year’s biggest day for online purchases
1 month ago

Cyber Monday shoppers are expected to set a record on the year’s biggest day for online purchases

LA Times  

Consumers in the United States are scouring the internet for online deals as they look to take advantage of the post-Thanksgiving shopping marathon on Cyber Monday. Even though e-commerce is now part and parcel of many people’s regular routines and the holiday shopping season, Cyber Monday — a term coined in 2005 by the National Retail Federation — has become the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel it. Vivek Pandya, lead analyst at Adobe Digital Insights, notes that discounts from Thanksgiving onward have “exceeded expectations” — and online spending throughout Cyber Week is on track to cross a record $40-billion mark combined. U.S. shoppers spent $10.8 billion online on Black Friday, a 10.2% increase over last year, according to Adobe Analytics. Meanwhile, software company Salesforce, which also tracks online shopping, estimated that Black Friday online sales totaled $17.5 billion in the United States and $74.4 billion globally.

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History of this topic

'Shocking development': New York Times reporter reveals what is driving huge sales numbers
1 week, 6 days ago

'Shocking development': New York Times reporter reveals what is driving huge sales numbers

Raw Story  

Consumers set a massive record in holiday sales as people finally began to feel the pressure of inflation ease, New York Times business and policy reporter Lauren Hirsch told MSNBC's Jessica Layton on Thursday. This follows a number of other reports from retailers showing healthy sales — and not just the traditionally solid online stores, they noted, but, in a …

We spent more on restaurants and clothing over the holidays, Mastercard says
1 week, 6 days ago

We spent more on restaurants and clothing over the holidays, Mastercard says

Salon  

Retail sales over the holiday season increased 3.8% over last year as people visited restaurants and purchased clothes and jewelry, according to Mastercard SpendingPulse, which tracks payments. The NRF will release a broader picture next month of how Americans are spending, with two months of statistics from the Commerce Department that show sales in November and December. Holiday shoppers planned …

Retailers point to solid U.S. sales over holiday weekend
1 month ago

Retailers point to solid U.S. sales over holiday weekend

Raw Story  

U.S. consumers turned out in force in stores and online over the Thanksgiving weekend, a key stretch in the holiday shopping season, a leading retailer group said Tuesday. A total of 197 million shoppers, about 59 percent of the U.S. population, made purchases during a five-day stretch that includes Black Friday and Cyber Monday, according to figures from the National …

Record-breaking Black Friday goes digital as holiday shopping embraces online convenience; Cyber Monday sales skyrocket
1 month ago

Record-breaking Black Friday goes digital as holiday shopping embraces online convenience; Cyber Monday sales skyrocket

Hindustan Times  

Shopping mania is at an all-time high during the 2024 holiday season, with Adobe forecasting Cyber Monday’s record-high peak will surpass Black Friday to become the biggest shopping day of the year. Despite the shopping holiday previously being “anchored by in-store shopping,” Pandy noted that “with mobile, AI, and chatbots reshaping consumer behaviour, we expect online sales to continue growing …

Cyber Monday: Shoppers expected to spend record $13.2 billion online, report says
Trending News
1 month ago

Cyber Monday: Shoppers expected to spend record $13.2 billion online, report says

Hindustan Times  

Cyber Monday, held on the Monday after the worldwide Black Friday sale tradition, is expected to clock sales worth at least $13.2 billion, 6.1% more than the previous year, according to online shopping tracker Adobe Analytics. FILE - Cyber Monday –- a term coined back in 2005 by the National Retail Federation –- continues to be the biggest online shopping …

Black Friday and Cyber Monday transactions decline for first time in years
1 month ago

Black Friday and Cyber Monday transactions decline for first time in years

NL Times  

For the first time since 2016, Black Friday saw a drop in iDEAL transactions, with 5.82 million payments processed, an 18.4 percent decrease from last year's 7.13 million transactions. Cyber Monday transactions also fell slightly, from 5.12 million in 2023 to 5.10 million this year, according to data from online payment system iDEAL and Betaalvereniging Nederland. The diversity of discounts—ranging …

Cyber Monday shoppers expected to set a record on the year’s biggest day for online shopping
1 month ago

Cyber Monday shoppers expected to set a record on the year’s biggest day for online shopping

Associated Press  

Consumers in the United States are scouring the internet for online deals as they look to take advantage of the post-Thanksgiving shopping marathon with Cyber Monday. Even though e-commerce is now part and parcel of many people’s regular routines and the holiday shopping season, Cyber Monday — a term coined in 2005 by the National Retail Federation — has become …

Cyber Monday expected to see record spending
1 month ago

Cyber Monday expected to see record spending

Salon  

From fruit blenders to noise-canceling headphones, e-commerce sites are slashing prices on almost everything for Cyber Monday, the biggest online shopping day of the year. According to The Associated Press, consumers are expected to spend $13.2 billion on Monday, with spending at an estimated $15.7 million per minute during peak hours of 8 p.m. to 10 p.m. Brick-and-mortar stores reported …

Cyber Monday tips for avoiding scams, pressure tactics and porch pirates
1 month ago

Cyber Monday tips for avoiding scams, pressure tactics and porch pirates

LA Times  

More than 72.3 million people are scouring the internet right now looking for a deal this Cyber Monday. Online fradusters want to steal cardholder information and money on popular online shopping days like Cyber Monday, Visa’s Ecosystem Risk and Control team warns. It’s even more overwhelming to find one of those gifts on sale at an online retailer, only to …

Fewer in-store sales around Black Friday
1 month ago

Fewer in-store sales around Black Friday

NL Times  

Netherlands residents seem to have spread their Black Friday purchases out over the week running up to the originally American discount day. According to the Dutch Payment Association, there were almost 19 million debit card transactions on Black Friday, a decrease of 5 percent compared to a year ago. “This year, online stores seemed to convincingly replace physical stores for …

Black Friday goes digital as Americans rack up $10bn worth of online purchases
1 month, 1 week ago

Black Friday goes digital as Americans rack up $10bn worth of online purchases

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Americans spent a staggering …

Holiday shopping in US: Americans expected to spend nearly $1 trillion in Nov-Dec 2024
1 month, 1 week ago

Holiday shopping in US: Americans expected to spend nearly $1 trillion in Nov-Dec 2024

Live Mint  

The National Retail Federation has projected that winter holiday spending for November and December will increase by 2.5% to 3.5% over 2023. Strong holiday spending Despite a cautious consumer outlook, NRF President and CEO Matthew Shay emphasized that the economy remains fundamentally strong, providing solid support for spending growth. “The winter holidays are an important tradition to American families, and …

Cyber Monday 2024: Top deals from Amazon, Best Buy, Target, Kohl’s, and Walmart in US
1 month, 1 week ago

Cyber Monday 2024: Top deals from Amazon, Best Buy, Target, Kohl’s, and Walmart in US

Live Mint  

The holiday shopping season is in full swing, and Cyber Monday has extended its reach beyond a single day. Unlike Black Friday’s in-store rush, Cyber Monday is primarily an online shopping event. The 2024 Cyber Monday shopping spree is officially underway, with major retailers unveiling deals early to entice shoppers. Best Buy Best Buy's Cyber Monday sale kicks off on …

Is Black Friday still a holiday shopping juggernaut in 2024?
1 month, 1 week ago

Is Black Friday still a holiday shopping juggernaut in 2024?

Hindustan Times  

NEW YORK — After weeks of pushing early deals, retailers in the United States and some other countries tried to seduce customers with promises of bigger discounts on Black Friday, the sales event that still reigns as the unofficial kickoff of the holiday shopping season even if it's lost some luster. Enough consumers enjoy holiday shopping in person that Black …

Black Friday deals you can’t miss in the US: Amazon, Target, Walmart, Macy’s and more
1 month, 1 week ago

Black Friday deals you can’t miss in the US: Amazon, Target, Walmart, Macy’s and more

Live Mint  

Black Friday 2024 has arrived, bringing some of the year's best deals across a wide range of products at stores throughout the United States. Whether you're looking for the latest tech, home essentials, or holiday gifts, this year’s Black Friday deals are designed to give you everything you need at unbeatable prices. Target Target's Black Friday Deals include up to …

Black Friday set to dominate Thanksgiving weekend as 131.7 million prepare to shop
Trending News
1 month, 1 week ago

Black Friday set to dominate Thanksgiving weekend as 131.7 million prepare to shop

Live Mint  

Black Friday is expected to be the busiest shopping day of the Thanksgiving weekend, with 72% of shoppers—an estimated 131.7 million people—planning to visit stores or shop online, according to the National Retail Federation’s survey conducted with Prosper Insights & Analytics. Thanksgiving weekend shopping trends Overall, the NRF projects a record-breaking 183.4 million shoppers will participate in the five-day shopping …

Retailers bank on Black Friday to energize bargain-hungry holiday shoppers
Trending News
1 month, 1 week ago

Retailers bank on Black Friday to energize bargain-hungry holiday shoppers

Associated Press  

NEW YORK — It’s show time. After weeks of pushing early deals, retailers in the United States and some other countries are promising bigger discounts on Black Friday, the sales event that still reigns as the unofficial kickoff of the holiday shopping season even if it’s lost some luster. “People come to get the deals, but more importantly, they come …

Some retail companies reject Black Friday sales
Trending News
1 month, 1 week ago

Some retail companies reject Black Friday sales

ABC  

Stephanie Smail: Australians are expected to spend a record $6.7 billion during this year's Black Friday sales. Katherine Gregory: While other companies are set to make big profits today by appearing to slash prices on their products, Olivia Reddy-Daley warns consumers that not all is as it seems. Katherine Gregory: But even if you wanted to buy ethical fashion from …

Deal-hungry shoppers hit stores on Black Friday to kick off critical holiday season
1 month, 1 week ago

Deal-hungry shoppers hit stores on Black Friday to kick off critical holiday season

LA Times  

The Christmas tree is a big attraction on Black Friday at South Coast Plaza in Costa Mesa. “Honestly, you’ve got to come in with the mentality: It’s Black Friday,” said Gus Aguirre, a Simi Valley barber, who said his family never misses the biggest shopping day of the year. They suspected they could get the same sort of deals during …

Why retailers still see Black Friday as the high point of the holiday shopping season
Trending News
1 month, 1 week ago

Why retailers still see Black Friday as the high point of the holiday shopping season

Associated Press  

NEW YORK — After weeks of plugging increasingly inviting discounts, retailers in the United States and several other countries are preparing for prime time: Black Friday, the bargain bonanza that still reigns as the unofficial kickoff of the holiday shopping season even if it’s lost some luster. It’s a better experience.” In the U.S., analysts envision a solid holiday shopping …

As a shopping expert, I need to tell you the truth about Black Friday
1 month, 1 week ago

As a shopping expert, I need to tell you the truth about Black Friday

The Independent  

It was 5am on the morning after Thanksgiving 2008. Black Friday was no longer about financial fear, but rather about bottom line abundance – over-the-top promotion to move retailers from “in the red” to “in the black”. Recommended How this Chinese shopping app took over the world and turned into the ultimate ick The day launched the official holiday shopping …

More deals, more spending: What Black Friday has in store
1 month, 1 week ago

More deals, more spending: What Black Friday has in store

NPR  

More deals, more spending: What Black Friday has in store toggle caption Sarah Silbiger/Getty Images This week officially kicks off the busiest shopping period of the year — it's joy and chaos for shoppers and a make-it-or-break-it season for most retailers. But that's not the whole story: A greater share of people also plan to splurge this holiday season, according …

What Black Friday’s history tells us about holiday shopping in 2024
1 month, 1 week ago

What Black Friday’s history tells us about holiday shopping in 2024

Associated Press  

NEW YORK — The holiday shopping season is about to reach full speed with Black Friday, which kicks off the post-Thanksgiving retail rush later this week. The term “Black Friday” is several generations old, but it wasn’t always associated with the holiday retail frenzy that we know today. Jie Zhang, a professor of marketing at the University of Maryland’s Robert …

US consumers to bargain hunt in annual 'Black Friday' spree
1 month, 2 weeks ago

US consumers to bargain hunt in annual 'Black Friday' spree

Deccan Chronicle  

NEW YORK: US shoppers are coming out in force this holiday season, but the festiveness is being tempered by inflationary pressures that have abated but not completely faded. Americans are "ready to open their wallets this holiday season," said the Conference Board ahead of Black Friday -- the day after Thanksgiving, which this year, falls on November 28 -- that …

Amazon says this year’s Prime Day was its biggest ever
5 months, 3 weeks ago

Amazon says this year’s Prime Day was its biggest ever

Associated Press  

NEW YORK — Amazon saw record sales for Prime Day this week as Prime members purchased more items than ever before, the company announced Thursday. The Seattle e-commerce giant, which does not disclose how much it earns during the popular discount event, also said “millions” of customers joined Prime in the past three weeks to take advantage of the discount …

How online shopping is saving the bricks-and-mortar store
8 months ago

How online shopping is saving the bricks-and-mortar store

Live Mint  

Store owners once viewed e-commerce as a mounting threat to their survival. Kohl’s now fulfills more than a third of its online orders in stores, Walmart more than half, and Target nearly all its sales from its network of roughly 2,000 locations, according to the companies. The pandemic sped up the integration of online and in-store shopping, as mandated closures …

Retail sales up strongly in December as Americans showed continued willingness to spend
11 months, 3 weeks ago

Retail sales up strongly in December as Americans showed continued willingness to spend

Associated Press  

NEW YORK — Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people remain confident enough to keep spending freely. Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% …

Holiday spending is up. Shoppers are confident, but not giddy
1 year ago

Holiday spending is up. Shoppers are confident, but not giddy

NPR  

Holiday spending is up. Shoppers are confident, but not giddy Enlarge this image toggle caption Brandon Bell/Getty Images Brandon Bell/Getty Images Retail spending in the 2023 holiday season rose just over 3% year-over-year, marking a return to pre-pandemic consumer spending trends even as credit card debt is on the rise and federal student loan payments have kicked back in. Sponsor …

Still haven't bought holiday gifts? Retailers have a sale for you
1 year ago

Still haven't bought holiday gifts? Retailers have a sale for you

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “I think this is a more challenging year than …

Black Friday boosts retailers with sales surging in November despite fears of a tough Christmas for many shops
1 year ago

Black Friday boosts retailers with sales surging in November despite fears of a tough Christmas for many shops

Daily Mail  

Black Friday boosted shops last month with retail sales surging far more than expected. The ONS also revised data for October upwards, reporting that there was zero growth in retail sales rather than the 0.3 per cent fall previously estimated. Volumes were up 1.3 per cent in November as Brits sought out bargains, significantly better than the 0.4 per cent …

Still haven’t bought holiday gifts? Retailers have a sale for you
1 year ago

Still haven’t bought holiday gifts? Retailers have a sale for you

LA Times  

Super Saturday is expected to be the second busiest day of the holiday period after Black Friday. That’s lower than last year’s 5.4% growth but more consistent with typical holiday spending, which rose 3.6% between 2010 and 2019 before the COVID-19 pandemic skewered numbers. Adobe Analytics expects U.S. online holiday sales to rise 4.8% from last year between November and …

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants
1 year ago

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants

Associated Press  

NEW YORK — Americans picked up their spending from October to November unexpectedly as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices. “While consumers continue to face hurdles from higher borrowing costs, tighter credit conditions and elevated prices, a still-strong labor market, a positive trend in incomes and an easing in price pressures should …

Black Friday deals this year did not get American customers to shop much
1 year, 1 month ago

Black Friday deals this year did not get American customers to shop much

Live Mint  

It’s not just you. Walmart chief financial officer John David Rainey told investors in an earnings call earlier this month that the company saw a “sharper falloff" in consumer spending toward the end of October. That caution echoed throughout recent earnings reports from retailers ranging from Lowe’s Inc. to Target Corp. Consumers continued to spend this weekend, but they weren’t …

Business Highlights: Cyber Monday expected to set record; Meta hit with claims over underage users
1 year, 1 month ago

Business Highlights: Cyber Monday expected to set record; Meta hit with claims over underage users

Associated Press  

___ Cyber Monday marks the year’s biggest online shopping day, and one more chance to save on gifts Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday. ___ US airports saw record passenger volumes, but fewer headaches, over Thanksgiving weekend A record number of passengers traveled through …

Cyber Monday 2023 is here - What it is? and everything you need to know
1 year, 1 month ago

Cyber Monday 2023 is here - What it is? and everything you need to know

India TV News  

What is Cyber Monday? Notably, In 2005, the National Retail Federation came up with the term "Cyber Monday" to encourage post-Black Friday online shopping. Difference Between Cyber Monday and Black Friday Black Friday, occurring on the Friday after Thanksgiving, is a busy day for in-store shopping in the US. So, while Black Friday is about in-store bargains, Cyber Monday takes …

On this Cyber Monday: Here's are 6 best practices to secure your online shopping
1 year, 1 month ago

On this Cyber Monday: Here's are 6 best practices to secure your online shopping

Hindustan Times  

Cyber Monday, the digital shopping extravaganza following Black Friday, extends the season of offers and discounts until November 27. FILE - Cyber Monday –- a term coined back in 2005 by the National Retail Federation –- continues to be the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel …

Cyber Monday marks the year’s biggest online shopping day, and one more chance to save on gifts
1 year, 1 month ago

Cyber Monday marks the year’s biggest online shopping day, and one more chance to save on gifts

Associated Press  

Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday. Even though e-commerce is now part and parcel of our everyday lives and much of the holiday shopping season, Cyber Monday — a term coined back in 2005 by the National Retail Federation — continues to be the …

What is Cyber Monday? Here's what you should know about the online shopping extravaganza
1 year, 1 month ago

What is Cyber Monday? Here's what you should know about the online shopping extravaganza

Live Mint  

The first Monday after the Thanksgiving weekend is known as Cyber Monday, a day designed to promote the best deals on online shopping platforms and was created as a counterbalance to Black Friday sales. According to a Reuters report, this year's Cyber Monday, which falls on November 27, is set to be the biggest online shopping day of the year …

Cyber Monday 2023: Date, history, significance and everything you need to know
1 year, 1 month ago

Cyber Monday 2023: Date, history, significance and everything you need to know

Hindustan Times  

Cyber Monday 2023: The Monday after the US Thanksgiving weekend is known in the e-commerce world as "Cyber Monday". The result is that Cyber Monday and Black Friday have combined to create a hybrid online and in-store shopping experience that makes it difficult to distinguish between the two days. Cyber Monday is a popular online shopping event that takes place …

This year’s Black Friday ‘busiest shopping day on record’ – Nationwide
1 year, 1 month ago

This year’s Black Friday ‘busiest shopping day on record’ – Nationwide

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Black Friday set to be ‘busiest ever’ as spending beats last year
1 year, 1 month ago

Black Friday set to be ‘busiest ever’ as spending beats last year

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy This year’s Black Friday could …

Black Friday: It’s no longer just a phenomenon in the U.S. And that has sinister consequences.
1 year, 1 month ago

Black Friday: It’s no longer just a phenomenon in the U.S. And that has sinister consequences.

Slate  

For weeks we’ve been steadily targeted with an increasing number of deals, sales, and specials—on social media and TV and in our inboxes—all of which culminates in the ultimate retail barrage of offers on the fourth Friday in November, known as Black Friday. Last year, American consumers spent a record $9.12 billion online shopping during Black Friday, according to Adobe …

Retailers expecting 'record' Black Friday sales, but Westpac warns of 'penny-pinching' Christmas
1 year, 1 month ago

Retailers expecting 'record' Black Friday sales, but Westpac warns of 'penny-pinching' Christmas

ABC  

Despite high levels of pessimism among Australian consumers, David Wall has noticed a lot of people are buying board games and puzzles at his toy stores ahead of the Black Friday sales. "While we expect overall Christmas trading will be subdued, we're expecting this by Friday to be a record simply because people are shopping on a budget, and they're …

Behind Black Friday’s crowds lie stories of consumers squeezed by inflation
1 year, 1 month ago

Behind Black Friday’s crowds lie stories of consumers squeezed by inflation

LA Times  

Months of punishing inflation have pushed East Hollywood resident Diane Roque to economize by canceling her family’s cable subscription and prioritizing cooking at home. “Now it’s very online-focused, and we’re really looking to see the online velocity surge on the major days like Black Friday and Cyber Monday,” said Vivek Pandya, lead analyst at Adobe Digital Insights. “They’re stretching out …

Black Friday is almost here. What to know about the holiday sales event’s history and evolution
1 year, 1 month ago

Black Friday is almost here. What to know about the holiday sales event’s history and evolution

Associated Press  

NEW YORK — If you didn’t already guess it from a barrage of sales ads in your inbox, the holiday shopping season is upon us. While Black Friday may no longer look like the crowd-filled, in-person mayhem that it was just decades ago — in large part due to the rising dependence on online shopping that was accelerated by the …

Warning over eight most scammed items ahead of Black Friday
1 year, 1 month ago

Warning over eight most scammed items ahead of Black Friday

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Bargain seekers have been warned to watch out for Black …

Explained: What is Black Friday? Check expectations and hot deals
1 year, 1 month ago

Explained: What is Black Friday? Check expectations and hot deals

Hindustan Times  

Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24. Retailers including Best Buy, Macy's, H&M and pure e-commerce retailers like Shein and Temu are already touting early Black Friday "deals" of up to 30% off on some limited merchandise online …

Retail trade group: holiday sales expected to slow to 3% to 4%, compared with 5.4% growth a year ago
1 year, 2 months ago

Retail trade group: holiday sales expected to slow to 3% to 4%, compared with 5.4% growth a year ago

Associated Press  

NEW YORK — The National Retail Federation, the nation’s largest retail trade group, expects shoppers will spend more this year than last year, but their spending pace will slow given all the economic uncertainty. The group forecast Thursday that U.S. holiday sales will rise 3% to 4% for November through December, compared with a 5.4% growth of a year ago. …

Shoppers’ holiday spending is expected to top $957 billion, a record amount
1 year, 2 months ago

Shoppers’ holiday spending is expected to top $957 billion, a record amount

LA Times  

Customers shop at a Nathan & Co. store in Oakland in 2022. This year’s holiday spending is expected to beat last year’s record spending of $929.5 billion. The National Retail Federation, an industry trade group, said holiday spending is forecast to reach record levels this year — up 3% to 4% from last year. Business Despite higher prices, American shoppers …

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