Robert Besser
28 Nov 2022, 05:30 GMT+10
NEW YORK CITY, New York: Just-released sales results show U.S. consumers spent a record $9.12 billion in online purchases during this Black Friday sales holiday.
Observers note that consumers were clearly lured to online purchases by steep discounts on many ranges of products.
Online consumer spending increased 2.3 percent on Black Friday, according to Adobe Inc's data and insights arm Adobe Analytics.
Adobe attributed this increase to consumers waiting to make purchases on Black Friday, even though sales began as early as October.
Adobe had earlier forecast Black Friday sales to rise only 1 percent.
Industry observers had anticipated that in-store shopping would be heavy on Black Friday after consumers had been locked down for the past two Thanksgiving holidays.
However, Black Friday morning saw fewer in-store shoppers than usual, with rain throughout the United States possibly contributing to the slowdown.
Of note, Americans set a new record for purchases using smartphones on Black Friday.
Data from Adobe reported that 48 percent of all digital shopping on Black Friday was attributed to purchases using smartphones.
Get a daily dose of Manufacturing Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manufacturing Mirror.
More InformationDUBLIN, Ireland: A just-released survey shows that over half of the chief executives in Ireland believe the nation's economic growth ...
NEW YORK CITY, New York: As it sets aside more funds to cover potentially bad loans, American Express announced that ...
New Delhi [India], February 4 (ANI): Officials at Sadar Bazar police station and local businessmen set an example of humanity ...
New Delhi [India], January 4 (ANI): The Delhi High Court has extended the interim bail granted to businessman Ajay Ramesh ...
Washington [US], February 4 (ANI): A US jury on Friday decided that Tesla CEO Elon Musk was "not liable" for ...
New Delhi [India], February 3 (ANI): BJP national general secretary Tarun Chugh on Friday demanded a central agency inquiry into ...
WASHINGTON D.C.: The US has again asked Mexico to investigate claims that workers at an auto parts facility of American ...
WASHINGTON D.C.: Tesla confirmed this week that the US Justice Department has requested documents related to its Full Self-Driving and ...
TOKYO, Japan: Toyota has announced that it sold 10.5 million vehicles in 2022, maintaining its position as the world's top-selling ...
WASHINGTON D.C.: The White House said this week that Tesla Chief Executive Elon Musk met with John Podesta, a Democratic ...
JERUSALEM, Israel: As demand for its driver-assistance technology rises among vehicle-makers, Mobileye Global is forecasting revenues for the 2023 fiscal ...
New Delhi [India], February 4 (ANI): Keeping pace with the green energy focus of the world and reducing its carbon ...