Money & The Economy

Black Friday Online Sales Break Records

 

by Henry Rodgers

Online sales during Black Friday hit an all-time high in 2018, reaching over $6.2 billion in sales — a massive increase to the previous year.

There was a 23 percent increase compared to 2017’s $5.03 billion, according to a Saturday report from Adobe Analytics. The numbers show many consumers are staying home to shop instead of heading to crowded malls or stores, most of which have long lines on Black Friday.

“Retailers have done their part to build better mobile experiences for consumers and turning nearly 10 percent more smartphone visitors into buyers this Black Friday versus last,” Taylor Schreiner, the director of Adobe Digital Insights, said to Fox Business.

Numerous incidents of chaotic shopping experiences were reported Friday, which contribute to the historic numbers of shoppers who bought online.

Record numbers are also expected for Cyber Monday according to Schreiner. Adobe is predicting around $7.8 billion in sales.

“Indeed, the entire holiday season continues to see vigorous growth with Cyber Monday expected to be the largest U.S. online shopping day in history,” Schreiner told Fox Business.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org

DCNF

Share
Published by
DCNF

Recent Posts

Reader Discovers It’s Difficult to Pay the Balance to the Penny

Dear Cheapskate: This is petty perhaps, but how does one ever completely pay off a…

5 hours ago

Group Of GOP Senators Said They Would Force Vote To Delay Recess Over Save Act. What Happened?

Republican senators fighting to cancel August recess over the Save America Act did not receive…

6 hours ago

Americans Have Essentially Same View Of Marriage As We Did 13 Years Ago, Thanks To Republicans

Slightly more Americans believe that it is “very important” for couples with a child together…

6 hours ago

Bank CEO Says Clock Is Ticking On Dollar’s Dominance—But Iran War May Turbocharge His Timeline

The dollar’s decades-long reign as the world’s reserve currency is facing a darkening outlook as…

6 hours ago

Most Americans Fret About Youth Social Media Addiction

A supermajority of Americans believe that social media has become too addictive for children and…

6 hours ago

National Academy Of Sciences Pulls Key Climate Science Chapter From Website Amid Massive Backlash

The National Academy of Sciences (NAS) removed a hotly debated chapter on climate science from…

6 hours ago