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Home Business

Americans set an all-time record for spending on Black Friday

Cyber Monday will also be set a record (Black Friday)

Sergio Richi by Sergio Richi
2 months ago
in Business
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Americans set an all-time record for spending on Black Friday
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US consumers spent $9.12 billion online on Black Friday this year, according to Adobe, which tracks sales on retailer websites.

Online Sales

Total online sales on the day after Thanksgiving grew 2.3% year-over-year, and online sales grew 221% year-over-year. Another popular category among shoppers was gaming, with sales up 285% and fitness equipment up 218%.

“Buy now, pay later” was up 78% from last week, and app revenue was up. This year’s top items include game consoles, drones, Apple MacBooks, Dyson products and games like Fortnite, Roblox, Bluey, Funko Pop! And Disney Encanto.

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Source: CNBC, Reuters
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Last updated on January 23, 2023 7:09 am

Black Friday breaks record

Black Friday shoppers also broke records for mobile phone orders, with smartphones accounting for 48 percent of online sales, up from 44 percent last year.

The record was the result of a successful Thanksgiving shopping season, when consumers spent $5.29 billion online, up 2.9 percent from last year. Adobe reports that even though Black Friday is over, e-commerce activity over the weekend remains high.

Cyber ​​Monday spending is expected to reach $11.2 billion this year, up 5.1 percent from last year.

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Sergio Richi

Sergio Richi

Sergio Richi is the founder and proprietor of Logll.com. He specializes in writing about Cyber Security issues and topics related to this field. His work focuses on providing readers with comprehensive knowledge about the latest developments in the world of technology. He authors content on Business, Cars, Cool Gadgets, Laptops Reviews, Finances and Cryptocurrencies, as well as exploring developments in Information Security.

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