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Black Friday sales accelerating, cni online consumption index becoming a highlight
Retail sales increased by 3.4%, in-store shopping increased by 0.7% after inflation, usa consumers are seeking cheaper goods this year, sales on Black Friday in the usa grew faster, highlighting that picky consumers are still spending when they find the right products. According to mastercard SpendingPulse data, the day after Thanksgiving (start of the traditional holiday shopping season), retail sales (excluding autos) increased by 3.4%. This number exceeded last year's growth and was not adjusted for inflation. In-store sales increased by 0.7%, below last year's pace. E-commerce is a bright spot.
Express News | Adobe Analytics Says Consumers Spent $10.8 Billion Online on Black Friday in the US, up 10.2% YoY
SA Asks: Can We Expect a Strong Holiday Sales Season This Year?
One Low-Tech Toy Blows Away Black Friday Shopping Competition
Apple Products Dominate Early Black Friday Trending Searches
U.S. stocks movement | Retailer stocks rise, Best Buy (BBY.US) up more than 2.5%.
Usa retail stocks rose due to Black Friday shopping day, as of the time of writing, best buy has increased over 2.5%.
Express News | Hasbro Shares up 3.6%
Express News | Dollar General up Nearly 1%
Express News | Best Buy up 2%, Target up 1.5%, Nordstrom up 1%
Express News | Shares of U.S. Retailers up on Black Friday Shopping Day
Black Friday Shopping Kicks Off in the US
Black Friday Frenzy: Shoppers Queue For Taylor Swift Merch, Retro Gadgets And More As Retailers Open Doors Early Amid Shortened Shopping Season
Best Buy Price Target Cut to $105.00/Share From $110.00 by Guggenheim
Guggenheim Maintains Best Buy(BBY.US) With Buy Rating, Raises Target Price to $105
Express News | Best Buy Co Inc : Guggenheim Cuts Target Price to $105 From $110
These Two Retailers Tend to Underperform the Sector Between Black Friday and Year-end
As Retailers Enter the Holiday Shopping Season, the Winners Are Pulling Away From the Pack
Retailers Brace for a Ho-Hum Christmas -- Heard on the Street
Loop Capital has lowered the target price for best buy to 100 dollars.
Loop Capital: Lowered best buy's target price from $110 to $100, maintains a "buy" rating. (Sina Finance)
So far this year, online sales during Thanksgiving in the usa have increased by approximately 4%.
Salesforce's data on Thursday showed that online sales in the first half of the Thanksgiving holiday in the usa increased by about 4%, compared to a 2% increase in the same period last year, marking a new sign of retailers heavily discounting to attract consumers. This year, American retailers have been rolling out more daring discounts earlier and increasing holiday offers to attract more budget-conscious shoppers' attention. Earlier this week, best buy's CEO Corie Barry said, "It is expected that demand will decrease in the gaps between promotions, but the impact is greater than expected." Target executives also stated that this year,