November 26,2017
the staff of the Ridgewood Blog
Paramus NJ, Black Friday and Thanksgiving online sales in the United States surged to record highs as shoppers reached for discounts and bought more on their mobile devices.U.S. consumer confidence has been strengthening over this past year, due to a labor market that is churning out jobs, rising home prices and stock markets that are hovering at record highs.
Stores were less crowed but U.S. shoppers spent more than $1.52 billion online by Thanksgiving evening. This accounted for a 16.8 percent year-over-year increase in online spending, by 5 p.m. on Thanksgiving alone.
In combined Thanksgiving and Black Friday sales U.S. retailers raked in a record $7.9 billion in online sales on Black Friday and Thanksgiving, up 17.9 percent from a year ago, according to Adobe Analytics, which measures transactions at the largest 100 U.S. web retailers, on Saturday.
Adobe said Cyber Monday is expected to drive $6.6 billion in internet sales, which would make it the largest U.S. online shopping day in history.
