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U.S. online spending is expected to set a record for Black Friday, according to Adobe Analytics, as steep discounts lured consumers against the backdrop of high inflation, kicking off the years biggest shopping event on a strong note.

(Adds Black Friday spending figures)

Black Friday online sales are expected to hit a record with total receipts between $9 billion and $9.2 billion.

People spent $5.3 billion in online shopping on Thanksgiving Day in the U.S., up 2.8 per cent from last year.According to Adobe Analytics, mobile devices accounted for 55 per cent of all online shopping, up 8.3 per cent from a year ...

Despite inflation worries nationwide, Black Friday shoppers broke records by spending a record-breaking $9 billion online on the biggest sales day of the year.

People spent $5.3 billion in online shopping on Thanksgiving Day in the U.S., up 2.8 per cent from last year.

People spent $5.3 billion in online shopping on Thanksgiving Day in the U.S., up 2.8 percent from last year. According to Adobe Analytics, mobile devices accounted for 55 percent of all online shopping, up 8.3 percent from a year ago. "Thanksgiving this year has become an inflection point, where smartphones drove real growth and highlights how much these experiences have improved," said Vivek

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The US consumers have spent $11 billion more online for domestic flights this year, compared to pre-pandemic levels, a report showed on Friday.Domestic flight bookings so far this year have driven $76 billion in online spend, 17 per cent more ...

Black Friday crowds are expected to be bigger this year as shoppers hunt for deals. But holiday spending may be muted as consumers struggle with inflation.