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Online sales soar on Thanksgiving, Black Friday

Stock MarketsNov 25, 2018 07:05AM ET
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© Reuters. Online sales soar on Thanksgiving, Black Friday
  • Continuing the trend of recent years, net sales at U.S. malls and brick-and-mortar stores fell 4%-7% Y/Y on Thanksgiving Day and Black Friday, while foot traffic fell 5%-9% over the two days.
  • On the other hand, online sales skyrocketed more than 23%, crossing $6B on Black Friday, and grew an estimated 28% to $3.7B on Thanksgiving Day.
  • Data was gathered from analytics firms RetailNext and Adobe (NASDAQ:ADBE) Analytics.
  • Previously: Black Friday online sales trending strong (Nov. 23 2018)
  • Previously: Thanksgiving shopping puts retail on watch (Nov. 22 2018)
  • ETFs: XLP, XLY, VDC, XRT, VCR, RTH, PBJ, RETL, PEJ, IYK, FXG, IYC, SCC, FXD, RHS, UCC, PMR, UGE, RCD, PSL, PSCC, SZK, FDIS, FSTA, PSCD, PEZ
  • Now read: Q4 2018 Sector Ratings For ETFs And Mutual Funds

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Online sales soar on Thanksgiving, Black Friday
 

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