Consumers shatter record for Black Friday online shopping
Americans spent an estimated $9.8 billion online during Black Friday sales, according to reports
The United States saw a marked shift from brick-and-mortar to online clicks during 2023's busiest shopping day of the year. Americans shattered the record for online spending on Black Friday, according to reports released this weekend.
Online shoppers across the United States spent an estimated $9.8 billion this Black Friday, according to a report from Adobe Analytics. This represents a 7.5% increase from Black Friday online shopping in 2022, and broke the all-time record for online shopping on the day after Thanksgiving. This figure surpassed Adobe's own prediction of $9.6 billion and was part of continued momentum from Thanksgiving Day, which saw a 5.5% increase from 2022.
Separate data released from Salesforce, which measures different metrics than Adobe, claimed that the numbers were even higher. Salesforce reported total online sales across the country of $16.4 billion, a 9% increase from 2022. It was also reported that the vast majority of online sales, 79%, were made using mobile devices. The two companies came up with competing figures based on differences in how they track consumer data.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Whether going by numbers from Adobe or Salesforce, the data is clear that Americans are spending more online than ever before — and this is likely to continue with Cyber Monday around the corner. In order to accommodate as many shoppers as possible, many retailers offered large online discounts on Black Friday. Both Adobe and Salesforce agreed that this will likely continue on Cyber Monday, with the latter estimating that discounts across the board will average 30%.
So while foot traffic at stores may be stagnant, Americans "exceeded any retail executive's expectations" for online shopping, Rob Garf, VP and general manager of retail at Salesforce, said in a statement, per TechCrunch. "Retailers stepped up their discounting game and shoppers, in turn, clicked the buy button."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Justin Klawans has worked as a staff writer at The Week since 2022. He began his career covering local news before joining Newsweek as a breaking news reporter, where he wrote about politics, national and global affairs, business, crime, sports, film, television and other Hollywood news. Justin has also freelanced for outlets including Collider and United Press International.
-
Best of frenemies: the famous faces back-pedalling and grovelling to win round Donald Trump
The Explainer Politicians who previously criticised the president-elect are in an awkward position
By Chas Newkey-Burden, The Week UK Published
-
Quiz of The Week: 9 - 15 November
Have you been paying attention to The Week's news?
By The Week Staff Published
-
The Week Unwrapped: Will China's 'robot wolves' change wars?
Podcast Plus, why are Britain's birds in decline? And are sleeper trains making a comeback?
By The Week Staff Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Why are America's restaurant chains going bankrupt?
Today's Big Question Red Lobster was the first. TGI Fridays might be next.
By Joel Mathis, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Why do Russian oil bosses keep dying?
Under the Radar There have been 'at least 50' mysterious deaths of energy company executives since Putin ordered Ukraine invasion
By Harriet Marsden, The Week UK Published
-
TD Bank accepts $3B fine over money laundering
Speed Read The US retail bank pleaded guilty to multiple criminal charges
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
The pros and cons of globalization
Pros and Cons Globalization can promote economic prosperity but also be exploitative
By Justin Klawans, The Week US Published