Page 73 - Adobe Analytics News Today

Customers are ready for the Friday after Thanksgiving, one of the major shopping days of the year

Expect big discounts and other enticements to lure shoppers to stores for Black Friday.

Retailers are kicking off the unofficial start of the holiday shopping season today with a bevy of discounts and other enticements. But executives are growing concerned with a spending slowdown that could temper sales on the day after Thanksgiving as well as throughout the holidays.

NEW YORK (AP) -- Retailers kick off the unofficial start of the holiday shopping season today with a bevy of discounts and other enticements. But executives are growing concerned with a spending slowdown that could temper sales on the day after Thanksgiving as well as throughout the holidays.

Black Friday is expected to bring out big crowds looking for bargains. Many shoppers will be paying for their gifts with savings and credit cards.

Consumers spent $5.6 billion online on Thanksgiving, which is 5.5% growth year over year, according to Adobe Analytics.

“We’re expecting more folks than usual this year based on the traffic that we’ve had here recently,” Marvin Snyder, senior general manager for Short Pump Town Center, the sprawling Henrico County retail complex that opened 20 years ago this fall.

Used responsibly, the installment plans increase financial inclusion, according to the Federal Reserve Bank of New York.

Many retailers had already ordered fewer goods for this holiday season and have pushed holiday sales earlier in October than last year to help shoppers spread out their spending.

Consumers spent $5.6 billion online on Thanksgiving, which is 5.5% growth year over year, according to Adobe Analytics.