Business

US 'Black Friday' online spending put at record $10.8 bn

People shop early Black Friday deals on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles. - Stores at the Citadel Outlet shopping center opened at 8pm on Thursday November 28 and will remain open all night for their "Black Friday Early Access Event." Photo: AFP

American consumers spent a record $10.8 billion online during "Black Friday" promotions, with many using artificial intelligence tools to find the best deals, Adobe Analytics announced Saturday.

Total sales were 10.2 percent higher than on Black Friday in 2023, it said.

The biggest sales during the annual day-after-Thanksgiving promotions were for toys, jewelry, household appliances, skin- and hair-care products, clothes and electronic devices.

Passing the $10 billion mark was an important step for electronic commerce, given that Black Friday shopping traditionally has been in brick-and-mortar stores, according to Adobe Digital Insights analyst Vivek Pandya.

The high spending totals were the result not of price inflation but of rising demand, Adobe said, adding that electronic sales had seen prices decline for 26 straight months -- down 2.9 percent in October from the same month in 2023.

AI appeared to play a significant role. Traffic on sites that use artificial intelligence to help guide consumers was up a huge 1,800 percent from last year's Black Friday, Adobe said.

An Adobe survey found that consumers used AI not just to find the best deals but to quickly locate specific articles or to get product recommendations.

Each year, Black Friday marks the opening of the year-end holiday sales season in the United States.

As Black Friday promotions continue, online consumers are expected to spend an additional $5.2 billion on Saturday and $5.6 billion on Sunday, Adobe said. And record sales of $13.2 billion are predicted for Cyber Monday, up 6.1 percent from 2023.

For the full five-day period from Thursday through Monday, consumers are expected to spend a total $40.6 billion online, up seven percent from last year, Adobe said.

Comments

US 'Black Friday' online spending put at record $10.8 bn

People shop early Black Friday deals on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles. - Stores at the Citadel Outlet shopping center opened at 8pm on Thursday November 28 and will remain open all night for their "Black Friday Early Access Event." Photo: AFP

American consumers spent a record $10.8 billion online during "Black Friday" promotions, with many using artificial intelligence tools to find the best deals, Adobe Analytics announced Saturday.

Total sales were 10.2 percent higher than on Black Friday in 2023, it said.

The biggest sales during the annual day-after-Thanksgiving promotions were for toys, jewelry, household appliances, skin- and hair-care products, clothes and electronic devices.

Passing the $10 billion mark was an important step for electronic commerce, given that Black Friday shopping traditionally has been in brick-and-mortar stores, according to Adobe Digital Insights analyst Vivek Pandya.

The high spending totals were the result not of price inflation but of rising demand, Adobe said, adding that electronic sales had seen prices decline for 26 straight months -- down 2.9 percent in October from the same month in 2023.

AI appeared to play a significant role. Traffic on sites that use artificial intelligence to help guide consumers was up a huge 1,800 percent from last year's Black Friday, Adobe said.

An Adobe survey found that consumers used AI not just to find the best deals but to quickly locate specific articles or to get product recommendations.

Each year, Black Friday marks the opening of the year-end holiday sales season in the United States.

As Black Friday promotions continue, online consumers are expected to spend an additional $5.2 billion on Saturday and $5.6 billion on Sunday, Adobe said. And record sales of $13.2 billion are predicted for Cyber Monday, up 6.1 percent from 2023.

For the full five-day period from Thursday through Monday, consumers are expected to spend a total $40.6 billion online, up seven percent from last year, Adobe said.

Comments

রাজনৈতিক দলগুলো অন্তর্বর্তী সরকারকে ব্যর্থ প্রমাণ করার চেষ্টা করছে: নাহিদ

আইন-শৃঙ্খলা পরিস্থিতি, অর্থনৈতিক সমস্যা, রাজনৈতিক দলগুলোর সঙ্গে সমঝোতার ভিত্তিতে সংস্কার কার্যক্রম এগিয়ে নেওয়া এবং বিশ্বব্যাপী যোগাযোগ স্থাপন করাই অন্তবর্তী সরকারের মূল চ্যালেঞ্জ বলে জানিয়েছে তথ্য...

২ ঘণ্টা আগে