November 28, 2022 | Daily JAM, Morning Briefing |
In-store traffic at brick-and-mortar retailers grew by a modest 2.9% on Black Friday weekend from 2021, preliminary numbers from Sensormatic Solutions show. (The figure isn’t adjusted for inflation. CPI inflation ran at a 7.7% rate in October.) Online sales during the biggest U.S. shopping day of the year rose 2.3% to $9.12 billion, Adobe Analytics said Saturday. That was slightly ahead of the company’s initial projection of $9 billion. (This number isn’t adjusted for inflation either.)
December 1, 2020 | Daily JAM, Short Term |
As the numbers on shopping over the Thanksgiving weekend get more concrete, the picture gets a little darker. Fewer Americans shopped during Black Friday weekend, and those who did spent less than they did a year ago.
December 1, 2014 | Daily JAM, Morning Briefing, Short Term |
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November 28, 2011 | Daily JAM, Morning Briefing |
Monday stocks soared in part at least on reports that retail sales on Black Friday, the official start of the holiday shopping season, climbed by 6.6% from the same day in 2010. The figures have met with a lot of skepticism–which I think is good news for stock prices
