Page 53 - Adobe Analytics News Today

Consumers spent a record $9.8 billion online on Black Friday, defying predictions of financial uncertainty and increased belt-tightening, according to data from Adobe Analytics.

For Lily Taylor, Cyber Monday was the most convenient way to get her shopping done.

ArtistGNDphotography/Getty Images(NEW YORK) -- Black Friday sales did gangbusters as the nation enters a holiday shopping season expected to test shoppers, who account for nearly three-quarters of U.S. economic activity. Consumers spent a record $9.8 billion online on Black Friday, which marks a 7.5% increase over the year prior, according to Adobe Analytics. Shopper visits, a metric used to assess in-person sales, rose 4.6% compared to a year ago -- a rate nearly double the average overall incr...

A survey of North American equities heading in both directions

Given these holiday shopping facts and figures, it appears that buying retail stocks is a fairly safe bet in late 2023 and early 2024.

Consumers are expected to use "buy now, pay later" payment plans heavily this holiday season, and that's raising alarm bells.

BofA analyst Justin Post reiterated a Buy rating on Amazon.Com Inc (NASDAQ: AMZN) and a price target of $168.

Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday.

Shoppers have been resilient this year in the face of stubbornly high inflation, which recently reached its lowest point in more than two years but remains painfully apparent in some areas

FTSE 100 closes down 28 points at 7,461 Rightmove jumps on upbeat trading Oil price eases ahead of Opec+ meeting 4:40pm: FTSE 100 closes near session lows...