Business
Inflation-wary US consumers flock to ‘Black Friday’ deals
字号+ Author:Smart News Source:US 2025-01-12 12:14:43 I want to comment(0)
NEW YORK: US shoppers are out in force for “Black Friday,” but inflation nerves have left them jittery, analysts say, prompting retailers in the world’s biggest economy to come up with ever more deals. As markets and consumers eye possible turbulence during the transition from President Joe Biden to Donald Trump, there are hopes that the year’s biggest shopping season — stretching from Thanksgiving to Christmas — will be a bonanza. The National Retail Federation (NRF) said a record 183.4 million people are planning to shop over the weekend, ticking up from 182 million last year and 18.1 million higher than 2019, before the Covid pandemic derailed the global economy. The so-called “Black Friday” discounts day originated as a single day when shoppers poured — sometimes stampeded — into malls in search of incredible deals. Now the discount window extends through to “Cyber Monday” and the less dramatic online component is huge. Adobe Analytics said this year “consumers will spend a record $10.8 billion online for Black Friday” — up nearly 10 per cent from last year. But even with inflation largely tamed from the earlier post-Covid shock, Americans are wary. Holiday shoppers in 2024 are “even more preoccupied and very focused around value and discounts,” said Vivek Pandya, leading insights analyst at Adobe Digital Insights. “We do see stronger price sensitivity on the part of the consumer and they are very responsive to deals and event-tie deals,” he said.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
BAFTA crowns 'Harry Potter' actor Warwick Davis for legendary career
2025-01-12 12:13
-
‘Settlement in Gaza should be encouraged’, says Israeli minister
2025-01-12 11:01
-
ADVICE: AUNTIE AGNI
2025-01-12 10:47
-
SBP profit, PDL help govt retire Rs1.9tr debt
2025-01-12 10:08
User Reviews
Recommended Reads
Hot Information
- Jeju Air tragedy: What we know so far
- 25 booked for attacking Mepco team
- Malaysia drops charges against former prime minister Najib
- China mobilises forces after US aircraft flies over sensitive area
- Prince Harry, Meghan take 'important' decision as King Charles finalises will
- PMDC mulls e-assessment system for MDCAT from next year
- A progressive soul
- Two car lifters arrested
- 'Never seen anything like this': Elon Musk after Cybertruck blast claims life
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content