Wednesday, November 29, 2023

Shopify, Etsy, Wayfair rally after record Black Friday spending online



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Shopify, Etsy, Wayfair rally after record Black Friday spending online

Black Friday online spending reached a record $9.8 billion in the U.S., up 7.5% from a year earlier, according to Adobe Analytics. Online sales on Cyber Weekend, the days between Black Friday and Cyber Monday, surged 7.7% to $10.3 billion.

Analysts and investors are closely watching sales during the five-day period beginning Thanksgiving Day and ending on Cyber Monday as a barometer for the overall holiday shopping season.

Publisher: CNBC
Date: 2023-11-27T21:22:05 0000
Author: https www facebook com CNBC
Twitter: @CNBC
Reference: (Read more) Visit Source



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