"Black Friday Sales Slay Despite Economic Concerns ๐๏ธ"
US consumers show resilience with 5% increase in Black Friday sales, beating expectations, and proving retail is still a thing.
Black Friday Sales Slay Despite Economic Concerns ๐๏ธ
Itโs Giving Me Life, But Is It Sustainable?
Lowkey, Iโm not surprised that Black Friday sales are still a thing. The US consumer is a force to be reckoned with, and it seems like nothing can stop them from spending their hard-earned cash.
According to a key data provider, Black Friday sales rose by 5% from last year, which is a big deal, especially considering the economic concerns that have been going around. Itโs like the ultimate sign that retail is still alive and kicking, and I am HERE.
FOR. IT.
Retail Sales, Excluding Autos: The Real MVP
Retail sales, excluding autos, increased by $7. 4 billion, which is a total of 4. 3% from last year.
I know what youโre thinking: what about the economic concerns? Well, the thing is, US consumers are still spending, and thatโs a sign that theyโre feeling pretty good about the economy.
Main Character Energy: The Rise of Online Shopping
The big winner of the day was online shopping, which saw a 14. 1% increase in sales. Fr fr, thatโs huge!
Itโs like, the more we shop online, the less we have to deal with in-store drama, and I am 100% down for that.
Sales Numbers Thatโll Make You Go โNo Capโ
Here are some numbers thatโll give you an idea of just how much US consumers are spending:
- $9 billion in retail sales on Black Friday
- 147.2 million shoppers
- $3.4 billion spent online on Black Friday
The Takeaway: US Consumers Are Still Spending
The bottom line is that US consumers are still spending, and thatโs a good sign for the economy. Itโs like, theyโre not letting economic concerns get in the way of their shopping sprees, and thatโs something to be proud of.
But, letโs be real, itโs still a bit concerning that people are spending so much money on stuff they probably donโt need. I mean, Iโve got a whole collection of stuff that I bought on impulse, and itโs giving me anxiety just thinking about it.
Anyway, thatโs the tea on Black Friday sales. Itโs like, the more we spend, the more weโll have to worry about, but hey, at least weโll have some nice stuff to show for it.
Whatโs Next?
So, whatโs next for Black Friday sales? Will they keep rising, or will they take a dip? Only time will tell, but one thingโs for sure: US consumers will keep on shopping until the cows come home.
Originally reported by Bloomberg
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