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Sales at brick-and-mortar stores grew just 0.7% year-over-year, according to preliminary estimates by payments processor Mastercard, and were lower according to data firm Facteus.
US shoppers spent a record $10.8 billion online this Black Friday, marking a 10.2% year-over-year increase, according to Adobe Analytics. As the official kickoff to the holiday shopping season, Black Friday showcased the growing dominance of e-commerce, with consumers flocking to mobile devices and desktops to snag deals on everything from electronics to beauty products.
It was a 10% rise from a year ago, according to Adobe Analytics.
CNBC's Courtney Reagan reports on Black Friday's retail trends.
Online spending hit a record $6.1 billion over Thanksgiving, according to Adobe's most recent estimates, as consumers continue to lean heavily on e-commerce.
Thanksgiving weekend has long been seen as the traditional start to the most important sales period for retailers, and so far, the indication is that we're in for a strong holiday season for e-commerce. Salesforce is tracking activity in real time and has just put out its first figures for the day.
The Census Bureau's Advance Retail Sales Report for October revealed headline sales were up 0.4% last month. The latest reading was higher than the expected 0.3% monthly growth in consumer spending.
The Census Bureau's Advance Retail Sales Report for September revealed headline sales were up 0.4% last month. The latest reading was higher than the expected 0.3% monthly growth in consumer spending.
The Census Bureau's Advance Retail Sales Report for August revealed headline sales were up 0.1% last month. The latest reading was higher than the expected -0.2% monthly growth in consumer spending.
On this episode of the “ETF of the Week” podcast, VettaFi's Head of Research Todd Rosenbluth discussed the Amplify Online Retail ETF (IBUY) with Chuck Jaffe of “Money Life.” The pair talked about several topics regarding the fund to give investors a deeper understanding of the ETF overall.
FAQ
- What is IBUY ETF?
- Does IBUY pay dividends?
- What stocks are in IBUY ETF?
- What is the current assets under management for IBUY?
- What is IBUY average volume?
- What is IBUY expense ratio?
- What is IBUY inception date?