Black Friday weekend shopping turnout soars to a record, as consumers seek bargains
Publishing timestamp: 2023-11-28 12:18:47
Summary
Shopper turnout during the Thanksgiving Day through Cyber Monday weekend reached an all-time high of 200.4 million, with consumers spending an average of $321.41 on holiday-related purchases. The number of people shopping online increased, while in-store shopping slightly decreased. The top gifts purchased were clothes and accessories, toys, and personal care or beauty items. Early online sales during Black Friday and Cyber Monday showed strength, but it is still uncertain how the rest of the holiday season will play out. Retailers are cautious about the season, and holiday sales are expected to rise by 3% to 4% compared to last year.
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Keywords: business, walmart inc, retail industry, breaking news: business, business news,
Source: https://www.cnbc.com/2023/11/28/black-friday-weekend-shopping-turnout-soars-to-a-record.html