The daily business briefing: November 28, 2016

Online sales surge as Cyber Monday arrives, Disney's Moana scores big with Thanksgiving debut, and more

Dwayne Johnson introduces Moana
(Image credit: Jesse Grant/Getty Images for Disney)

1. Traffic falls as online sales surge at start of holiday shopping

Sales fell at brick-and-mortar stores on Thanksgiving Day and Black Friday, in part because the stores had lured in shoppers early by offering discounts far ahead of the big weekend. Another reason for the dip was the continued rise of online shopping. Internet sales increased by double digits and exceeded $3 billion on Black Friday for the first time, with Cyber Monday — the traditional day for big online discounts — still to come, according to data from analytics firm RetailNext.

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