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...

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