Similar Stories to Record Online Sales Lead Strong Start To Holiday Shopping Season, Estimates Say on Bing News

‘Tis the season to head to stores, skip the cashiers and buy online. Retailers overall were projected to have a strong kickoff to the 2018 holiday shopping season — the five-day period that began with Thanksgiving. But while many reported healthy sales, online sellers have reaped the biggest surges with sales hitting record numbers, experts said. A combination of factors contributed to the holiday shopping boom online, including more blended retail, such as shoppers browsing for merchandise in stores before making purchases online from their smartphones to avoid the long checkout lines and lugging large items home, said Marshal Cohen, a retail industry expert at the NPD Group, a market research firm based in Port Washington, N.Y. A record $6.22 billion was spent online nationally on Black Friday, a 23.6 percent increase from the same day last year, according to Adobe Analytics, a division of San Jose, Calif.-based software company Adobe Inc. Brick-and-mortar stores, meanwhile, saw heavy traffic but down from years past, retail experts said.

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BING NEWS:
  • Online Black Friday spending is on track to break a record this year, despite inflation
    Adobe reports $7.9 billion in online spending on Black Friday, up 8.2% from 2023, and expects final online numbers between $10.7 and $11 billion.
    11/29/2024 - 11:44 am | View Link
  • Deal-hungry shoppers hit stores on Black Friday to kick off critical holiday season
    Wary of high prices, consumers plan to spend an average of $650 between Black Friday and Cyber Monday as retailers kick off the holiday shopping season.
    11/29/2024 - 7:20 am | View Link
  • SA Asks: Can we expect a strong holiday sales season this year?
    Can we expect a strong holiday shopping season this year? Seeking Alpha analysts Justin Purohit, Amrita Roy and Julian Lin weigh in on how they see the 2024 season shaping up.
    11/29/2024 - 3:56 am | View Link
  • Holiday Shopping Starts Strong, But Sales Data From Software Giants Vary Widely
    Discounting, the compressed calendar, and stock market gains are expected to drive positive results for Black Friday weekend and the season overall.
    11/29/2024 - 2:00 am | View Link
  • Black Friday Weekend Is Off to a Strong Start. Thanksgiving Online Sales Surge.
    Americans were feeling grateful this Thanksgiving, and weren’t afraid to channel that into shopping. U.S. online sales rose between 8% and about 9% year over year on Thursday, according to data ...
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