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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
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
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Best Buy Price Target Cut to $105.00/Share From $110.00 by Guggenheim