Record Inflation: More than 74 thousand crores (Rs 74,48,29,944) has been spent to buy goods online on this Black Friday.
Image Credit source: Investopedia
US Black Friday : Even after record inflation, goods worth more than 74 thousand crores have been sold in the cell. This suggests that shoppers returned to stores on Black Friday with record online purchases. Because this Black Friday (Black Friday) But a record expenditure of more than 74 thousand crores (Rs 74,48,29,944) for buying goods online (Record Expenses) Has been done. In a report on Saturday, it has been revealed that the consumers have faced the rising inflation firmly. Avail huge discounts on everything from smartphones to toys. Due to which online spending has increased by 2.3 percent on this Black Friday.
In addition, 2021 saw a 19.7% jump, as more retailers opened their doors than last year. Brian Field, senior director of global retail consulting, pointed out that fewer stores are open on Thanksgiving than on Black Friday, so the uptick is slightly lower. An increase in the number of in-store shoppers on Black Friday is a better indicator for predicting this. Sales during November and December are expected to increase between 6% and 8%, to between $942.6 billion and $960.4 billion.
Adobe Analytics, the data and insights arm of Adobe Inc., thanked consumers for discounting despite the October start of deals traditionally leading up to big shopping days. The study, which measures e-commerce by analyzing transactions on websites, has access to data covering purchases of 85 percent of the top 100 Internet retailers in the United States, he said. It projected a modest 1 percent increase in Black Friday sales.
There was a decline in in-store purchases
Adobe expects Cyber Monday to again be the biggest online shopping day of the season, bringing in $11.2 billion in spending. Consumers were expected to flock after the pandemic caused in-store shopping to decline over the past two years, but Black Friday morning saw less-than-usual traffic in stores due to scattered rain in some parts of the country. While Americans have turned to smartphones for their holiday shopping, mobile shopping represented 48 percent of all Black Friday digital sales, according to Adobe’s data.
English News Headline : Goods worth 74 thousand crores sold after record inflation.
Source: www.tv9hindi.com”