Black Friday Sales Rise 2.5 Percent: Mastercard Spendingpulse

Reuters
By Reuters
November 26, 2023Business News
share
Black Friday Sales Rise 2.5 Percent: Mastercard Spendingpulse
Customers visit the store during early morning Black Friday sales at Macy's Herald Square in New York on Nov, 24, 2023. (Kena Betancur/Getty Images)

Mastercard Spendingpulse said on Saturday that U.S. retail sales on Black Friday rose 2.5 percent year-over-year excluding automotive sales, not adjusted for inflation.

In September, Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, said it anticipated U.S. retail sales, excluding automotive, to grow 3.7 percent during the holiday season, running from Nov. 1 through Dec. 24.

E-commerce sales on Friday increased by 8.5 percent year-over-year as consumers shopped for deals online, while in-store sales increased by 1.1 percent, MasterCard Spendingpulse said.

U.S. shoppers spent $9.8 billion online during Black Friday this year, according to data from Adobe Analytics, which was in line with expectations of the data and insights arm of software firm Adobe.

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.
Comments