2018 Black Friday Hits Near-Record Sales
Saturday, November 24, 2018
Early details from retail data firms are reporting that Black Friday 2018 realized near-record sales. At worst, it was the best sales numbers for Black Friday in the last five years, but some data shows that this may be a record year.
According to Business Insider:
- Black Friday 2018 was the best America has seen in years.
- Total spend for Black Friday weekend is estimated to hit $59.6 billion with the best growth since 2011, according to estimates by GlobalData Retail.
- More people are shopping, shoppers are spending more, and online sales are way up ahead of and during this year's Black Friday.
"Real-time figures from Mastercard show that overall sales are poised to hit $23 billion on Black Friday alone. That's up about 9% from the day after Thanksgiving last year," reports CNN.
The credit card company Mastercard report that "overall holiday sales from November 1 through Christmas Eve should grow by 5% this year."
"We've gotten off to a very good start," Steve Sadove, Mastercard senior advisor told CNN. "Both online and in-store sales are both tracking very well."
Full data for Black Friday will be reported next week. Sales trends are showing that Cyber Monday may be a record for amount sold.
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