Black Friday Sales Rise 2.5 Percent: Mastercard Spendingpulse

By Reuters
November 26, 2023Business News
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.

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