Black Friday Sees A Jump In Spending, More Customers Return To Stores
Posted on AllSides November 28th, 2022
From The Center
Americans returned to stores on Black Friday with record spending that included a boost to in-store traffic. The positive consumer news comes as the U.S. economy faces a possible recession amid inflation concerns.
Consumers spent $9.12 billion on online shopping Friday and $5.29 billion on online shopping on Thanksgiving day. Overall online revenue for Black Friday was up 2.3% from last year, according to Adobe Analytics.
The $9.12 billion figure is up from $8.92 billion in 2021 and $9.03 billion in 2020. Inflation played a role in the uptick, as shoppers...
