Generates - NewsBizkoot.com

These Flipkart stats from Big Billion Days Sale will blow your mind Black Friday generated a record $9.8 billion in US online sales, up 7.5 per cent from a year ago. According to Adobe Analytics, mobile shopping accounted for $5.3 billion of online sales. The best-selling categories on Black Friday were electronics such as smartwatches and televisions, as well as toys and gaming, reports CNBC. "We've seen a very strategic consumer emerge over the past year where they're really trying to take advantage of these marquee days, so that they can maximise on discounts," Vivek Pandya, a lead analyst at Adobe Digital Insights, was quoted as saying. Pandya noted that influencers and social media advertising have made it easier for consumers to spend money on their mobile devices. 'Black Friday' salesIBT Media However, shoppers were price-conscious, managing tighter budgets as a result of last year's record inflation and interest rates. A total of $79 million of the sales came from consumers who used the 'Buy Now, Pay Later' flexible payment method, up 47 per cent from last year. Adobe collects data by analysing one trillion visits to retail websites in the US, 18 product categories, and 100 million unique items. Black Friday continued the momentum from Thanksgiving Day when online sales totalled $5.6 billion, an increase of 5.5 per cent from last year. Adobe expects spending to remain strong over the weekend and into Cyber Monday, with the best deals still to come. The report forecasted that online shoppers will spend approximately $10 billion on Saturday and Sunday, and a record $12 billion on Cyber Monday. (With inputs from IANS)

Black Friday records blockbuster sales; generates $9.8 bn in US online sales [details]

Telangana to Come up with New EV Policy Soon: CM Revanth

Heavy Rain Alert: Warning of heavy rain till November 15 in THESE State, more damage will be done in these areas

Demat accounts in India reach 179 million in October: Report

Winter is coming, and the north remembers the perils of pollution; how to stay safe?

News

Pages

Black Friday records blockbuster sales; generates $9.8 bn in US online sales [details]

You may have missed

Telangana to Come up with New EV Policy Soon: CM Revanth

Heavy Rain Alert: Warning of heavy rain till November 15 in THESE State, more damage will be done in these areas

Demat accounts in India reach 179 million in October: Report

Winter is coming, and the north remembers the perils of pollution; how to stay safe?