Business
Inflation-wary US consumers flock to ‘Black Friday’ deals
字号+ Author:Smart News Source:Sports 2025-01-12 07:38:21 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
-
SC to take up PTI plea against tweaks to Elections Act on Dec 4th
2025-01-12 07:04
-
Kensington Palace holds meeting for crucial Kate Middleton event
2025-01-12 06:57
-
Barrister Saif assures of additional security measures in Kurram
2025-01-12 06:39
-
Aurora borealis light up New Year's Eve sky with stunning display
2025-01-12 05:33
User Reviews
Recommended Reads
Hot Information
- Australia ban cyclist Richardson for life
- Imran Khan offered relocation to Bani Gala: lawyer
- Kylie Kelce opens up about painful but necessary choice in 2025
- Shafqat Ali Khan appointed new MoFA spokesperson
- Palestinians in north Gaza describe ‘real life horror movie’
- Kanye West triggers drama with cryptic opinion on 'The Last of Us Part 2'
- 'Jurassic Park' writer makes 'three' demands to Universal Pictures for new sequel
- Zara Tindall leaves fans stunned with surprising move after Meghan Markle's post
- Indian protest wrestler given four-year ban for avoiding dope test
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content