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1.Market Observations, 8.Was Sticky

26 Nov 2018 (AFR) – Black Friday deals lure US shoppers, biggest sales gains online

(26 November 2018, AFR, p17, by Nandita Bose and Melissa Fares)

‘New York | Shoppers across the United States snapped up deep discounts on toys, clothing and electronics both online and at stores on Black Friday, giving retailers’ a strong start to their make-or-break holiday season. A healthy economy and rising wages gave shoppers the confidence to splash out on retailers’ annual raft of bargains. ‘ <snipped…>

‘Online spending is on track to hit $US6.4 billion on Friday, which is likely to either match or surpass last year’s Cyber Monday revenue of $US6.6 billion, Adobe said. Online sales on Thanksgiving Day were up 28 per cent at $US3.7 billion. The National Retail Federation forecast US holiday retail sales in November and December will increase between 4.3 and 4.8 per cent over 2017 for a total of $US717.45 billion to $US720.89 billion. That compares with an average annual increase of 3.9 per cent over the past five years.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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