Black Friday Online Sales Jump 22% as Jobs Spur Shopping Sales online the day after Thanksgiving surged 22 percent from a year earlier as U.S. consumers, buoyed by higher employment and lower gasoline prices, flocked to computers and smartphones to hunt bargains. The gain outpaced online shopping on Thanksgiving as heavy Black Friday promotions attracted consumers, researcher ChannelAdvisor Corp. said today in an online statement. Sales at EBay Inc. (EBAY) rose 27 percent on Black Friday over last year, and Amazon Inc. (AMZN) saw a 24 percent increase. The online gains give a strong start to a holiday shopping season that the National Retail Federation predicts will be the best in three years. Consumer spending in the last quarter grew at a 2.2 percent annualized rate, exceeding estimates for a 1.8 percent improvement. Read more at Bloomberg News
Posted on: Sun, 30 Nov 2014 10:25:00 +0000