Less spent on US Black Friday
THE American shopping consumer frenzy known as Black Friday lured more buyers this year but they spent less per person thanks to great bargains.
More than 154 million people made purchases during the four-day retail extravaganza that began November 24 on Thanksgiving, compared to 151 million last year, the National Retail Federation said.
Shoppers spent an average of US$289.19, compared to $299.60 in 2015.
Sales over the Thanksgiving holiday, which extends into so-called Cyber Monday, are a good indicator of the health of US consumer spending.
Online sales dominated. A total of 44 percent of those who took part in the NRF survey said they had bought via the internet while 40pc went to a brick-and-mortar store.
“It was a strong weekend for retailers, but an even better weekend for consumers, who took advantage of some really incredible deals,” NRF president Matthew Shay said.
The most popular day to shop online was Black Friday itself, the day after the Thanksgiving holiday. Of those who purchased online over the four-day period, 74pc did so on November 25, up 1.3pc from last year.
And of the people who went to actual stores over this shopping period, 75pc did so on Black Friday, up 3.4pc from last year, the NRF said.
Millennials, aged 18-34, drove the increase in shopping, with eight out of 10 buying something over the long weekend.
Around 56pc of smartphone owners and 53pc of tablet owners used these devices to assist with their shopping.
The study was carried out by Prosper Insights & Analytics with a sample of 4330 people on November 25-26 and has a margin of error of 1.5 percentage points. –