BUSINESS

Black Friday Sales Quicken Store Owners Spirit

Increase in the job numbers, rising home prices, together with the bull run on the stock market were bound to spell green on Black Friday as business owners raked in the green bucks at record levels.

Shoppers buying spree was spurred by deep discount by major retail and Online stores resulting in sales never seen in the United States for a long time.

According to Adobe Analytics, the U.S. retailers raked in a record $7.9 billion in online sales on Black Friday and Thanksgiving. This amounted to about 17.9 percent year over year.

Adobe also stated that Cyber Monday is expected to drive $6.6 billion in internet sales, which would make it the largest U.S. online shopping day in history.

TVs, laptops, toys, and gaming consoles were among some of the most heavily discounted and the biggest sellers, according to retail analysts and consultants.

Yvad Billings, Readers Bureau, Fellow

Edited by Jesus Chan

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