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Online Black Friday sales top $1.52 billion, less frenzy at United States stores
29 November 2017, 01:05 | Frank Carlson
Gunnar Rathbun AP
"There had been much conjecture this year about whether Black Friday would be a hit or miss with United Kingdom shoppers, and many retailers followed the lead of their USA counterparts, extending their promotional campaigns over two weeks or more, which did risk diluting the impact of the event", he said.
I have recommended both Mastercard (MA) and Visa (V) at various times over the past year and, as the charts below show, that has worked out pretty well so far.
E-commerce giant Amazon gained 0.8 percent as data from Adobe Analytics showed online Black Friday sales rose almost 17 percent from previous year.
Such optimism helped push the fortune of Jeff Bezos, founder of Amazon.com, to $100.3 billion as the online retailer's shares jumped more than 2 percent last Friday.
"In the run-up to the holiday weekend, traditional retailers invested heavily in improving their websites and bulking up delivery options, preempting a decline in visits to brick-and-mortar stores", Reuters reported. They've also made a big push toward offering store pickup for online orders, hoping to get people to pick up more items.
US consumers kicked off the holiday shopping season with an online frenzy, breaking spending records over Thanksgiving and on Cyber Monday. As of 10 a.m., sales had reached $840 million, a 17% increase from past year.
About 69 percent of Americans, or 164 million people, intend to shop at some point during the five-day period from Thanksgiving to Cyber Monday, according to a survey released by the NRF.
As consumer Group Which? pointed out last week many of last year's so-called Black Friday deals were cheaper or available at the same price at other times of year. She says she started holiday shopping on Black Friday, but she likes to go to the mall to shop. There's going to be a lot of online shopping. "Now I can buy things in Wal-Mart-they are cheaper and last longer".
Online purchases continue to steal a bigger slice of the holiday shopping pie. That nearly certainly front-loaded some brick-and-mortar sales that may otherwise have occurred over the Thanksgiving weekend.
Macy's overhauled its rewards program, aiming to keep consumers loyal regardless of whether they're online or off.
"I don't find anything good anymore at Sears", said Charles, a nurse with four children.
Black Friday brawls shutter malls early, cause festive chaos
According to Hoover Police, law enforcement was called to the Riverchase Galleria after a fight was reported at the Buckle store. Many people in Alabama do not even have to wait for the balances of the Friday insane to fight in a store on Thursday evening.
Shopping small pays big, keep it growing Saturday
So much thought is put into giving the shopper an experience that makes them feel connected to the community, a part of something. The gift basket's contents vary, but the organizers have plans for gift certificates from chamber members and other goods.
Tennessee settles on other ex-Bucs coach: Greg Schiano's back
Schiano developed a relationship with Currie when he was out of coaching for two seasons following his short tenure in Tampa. Schiano was hired by the Buccaneers following the 2011 season, but he was sacked after two seasons with an 11-21 record.
Forde: Florida is moving on from Chip Kelly
Florida had kept its options open while engaged with Kelly and is now prepared to pursue those other candidates. His high-powered and high-paced offense helped lead the Ducks to a 46-7 record and multiple bowls in 4 years.