HITTING THE KEYBOARD: Black Friday heads for online sales record powered by discounts
Slatestone Wealth chief market strategist Kenny Polcari provides an outlook on the stock market, the Federal Reserve slowing down rate hikes, and warns consumers on Black Friday retail discounts on ‘Varney & Co.’$7.28 billion up through 6:00 pm ET on Friday, according to Adobe Analytics.between $9 billion and $9.2 billion for the day, and set a new record.
Tech gifts have been very popular. Among the top sellers are Apple Watches, Apple AirPods, smart speakers, smart televisions and digital cameras.Shoppers spent $5.3 billion online on Thanksgiving Day, up 2.9% from the holiday last year and setting a record with smartphones accounting for 55% of online sales, up from 51% last year.
A new survey from Bankrate found more holiday shoppers plan to hit up Small Business Saturday than Black Friday this year. Shoppers and retailers got a jump on the season with early deals in October getting consumers to spend over $72 billion online.
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