{"id":2109843,"date":"2023-11-28T12:46:02","date_gmt":"2023-11-28T17:46:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-thanksgiving-weekend-sales-hit-record-38-bln-on-big-discounts-report\/"},"modified":"2023-11-28T12:46:59","modified_gmt":"2023-11-28T17:46:59","slug":"us-thanksgiving-weekend-sales-hit-record-38-bln-on-big-discounts-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-thanksgiving-weekend-sales-hit-record-38-bln-on-big-discounts-report\/","title":{"rendered":"US Thanksgiving weekend sales reach record-breaking $38 billion due to significant discounts, says report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fus-thanksgiving-weekend-sales-hit-record-38-bln-on-big-discounts-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2109843&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<h2>November 28, 2023 \u2013 3:32 \u200cPM\u200d UTC<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Shoppers crowd a Walmart store ahead \u200bof the Thanksgiving holiday in Chicago, Illinois, U.S. November\u200b 27, 2019. REUTERS\/Kamil Krzaczynski\/File Photo<\/figcaption><\/figure>\n<p>(Reuters) \u2013 Deep discounts on everything from beauty products and toys\u2062 to electronics during the Thanksgiving weekend enticed\u200c U.S. shoppers to splurge about $38 billion online, signaling a strong holiday shopping season even as economic uncertainty swirled.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Online consumer \u2063spending \u200djumped 7.8% during Cyber \u2063Week, or the five days from \u2064Thanksgiving through Cyber Monday, \u2062according to data from Adobe\u200c Analytics, \u2062outstripping initial expectations for a \u202f5.4% rise.<\/p>\n<p>In \u2062the\u200c lead-up to the crucial\u2064 shopping season, industry forecasters \u2064including Deloitte\u2063 and retailers\u2062 like\u2064 Walmart (WMT.N) and Macy\u2019s \u200d(M.N) warned of\u200b cautious consumer spending due to sticky inflation \u2062constraining budgets. But blockbuster deals rolled out\u200d from \u200dThanksgiving Day through Cyber\u2062 Monday helped spread the holiday cheer for bargain-hunters.<\/p>\n<p>Sales on Cyber Monday jumped a better-than-expected 9.6% to a record \u2062$12.4\u2064 billion, as shoppers clicked \u201cbuy\u201d on Hot \u200cWheels toys, PlayStation \u20635, smart watches and\u2063 kitchen appliances.<\/p>\n<p><strong>\u201cThe \u2062record online spending across Cyber Week \u2026 shows \u2064the \u2064impact that discounts can have\u2063 on consumer demand, especially with quality products that drove a lot \u2064of \u200cimpulse shopping,\u201d<\/strong> said Vivek Pandya, lead analyst at \u2063Adobe Digital Insights.<\/p>\n<p>Adobe said \u2062discounts peaked\u200d at 31% for electronics and at 27% for toys on Cyber\u2062 Monday, which is typically the biggest online shopping \u2062day in the U.S.<\/p>\n<p>In a bid to stretch\u200c their Christmas budgets, \u200cshoppers are \u200dalso leaning on Buy Now, Pay \u2062Later (BNPL) services \u200bsuch as Klarna \u200cor\u200b Affirm to avoid the extra\u2063 fees and interest that come with credit\u2064 card payments.<\/p>\n<p>A record \u200b$940 million worth of purchases were \u200cmade through BNPL on Cyber \u2063Monday, surging 42.5% from \u200dlast year and trouncing Adobe\u2019s earlier estimate for an 18.8% jump.<\/p>\n<p>Payments firm Block (SQ.N) also noted BNPL transactions through Afterpay surged 19% \u2064over the weekend, while\u2064 Klarna said it saw \u200da 29% increase in\u200d orders placed by U.S. shoppers on Black Friday.<\/p>\n<p><sub>Reporting by Deborah Sophia\u2062 and\u2063 Juby Babu in Bengaluru;\u200d Editing by\u200d Pooja Desai and Devika Syamnath<\/sub><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"entry-content\">  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"entry-content\">\n<p>with Ken Davis<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The RNC\u2019s\u200d lackluster\u2064 fundraising prompts calls\u200d for Ronna\u2062 McDaniel to resign, Maryland\u2063 takes \u200dissue with \u200dthe 2nd \u200bAmendment\u200c and Disney Wishes it could make profitable movies ,<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Some cryptocurrency \u200dETF pioneers plan\u2063 to sit out what is expected to be a fierce industry battle for market share.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The\u200b rapid adoption of artificial intelligence could reduce \u200cwages, but so far is creating, not \u200cdestroying jobs.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>U.S. shoppers \u200blooking \u2062for steep discounts are set \u2062to boost Cyber Monday online sales to\u200d a record $12 billion to $12.4 billion.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The\u200c United States and multiple other countries\u200b have\u2064 come to an agreement on guidelines for the use of Artificial Intelligence (AI). <\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2>Potential PAA related questions:<\/h2>\n<p><span>  Title: Strong Online Spending During Thanksgiving Weekend \u200dSignals a Robust Holiday Shopping Season<\/p>\n<p>Introduction<\/p>\n<p>In a year marked by economic\u2063 uncertainty, U.S. shoppers demonstrated their resilience and confidence by splurging \u200capproximately $38 billion online during the Thanksgiving weekend. Deep discounts across various product categories, including beauty products, toys, and electronics, attracted consumers and contributed to \u2063a strong start for the holiday shopping season.<\/p>\n<p>Record Online Spending \u200bduring Cyber Week<\/p>\n<p>According to data from Adobe Analytics,\u2064 online consumer spending surged \u200dby 7.8% during Cyber Week, which encompasses the \u200dfive \u2063days from Thanksgiving through Cyber Monday. This surpasses \u2063initial expectations of a 5.4% rise and highlights the robustness of online shopping during this period.<\/p>\n<p>Pre-Thanksgiving Concerns Dispelled<\/p>\n<p>Leading up to \u2063the crucial shopping season, industry forecasters, including Deloitte, as \u2064well as retailers like Walmart and Macy&#8217;s, expressed concerns regarding cautious consumer spending due to inflationary pressures. However, the introduction of blockbuster deals from Thanksgiving Day through Cyber Monday dispelled these worries \u200cand invigorated bargain-hunters.<\/p>\n<p>Cyber Monday Exceeds Expectations<\/p>\n<p>Cyber Monday, traditionally the biggest online shopping day in the U.S., witnessed a better-than-expected increase \u200cof 9.6%, reaching a record $12.4 billion \u2062in sales. \u2063Consumers\u200b eagerly purchased\u2062 products such as Hot Wheels\u2062 toys, PlayStation \u20635, smartwatches, and kitchen appliances, taking advantage of the enticing discounts offered.<\/p>\n<p>The Impact of Discounts on Consumer Demand<\/p>\n<p>&#8220;The record \u2063online spending across Cyber Week &#8230; shows\u200c the impact that discounts can have on consumer demand,\u200b especially with \u2063quality products that drove a lot of impulse shopping,&#8221;\u2062 stated Vivek Pandya, lead analyst at\u2062 Adobe Digital Insights. The availability of\u200c discounts, which peaked at 31% for electronics\u2062 and 27% for toys \u200bon Cyber Monday, \u200bplayed a significant role in motivating consumers to make their purchases.<\/p>\n<p>Buy Now, Pay Later Services<\/p>\n<p>To manage holiday budgets effectively, shoppers are increasingly relying on Buy Now, Pay Later (BNPL) services like Klarna or Affirm. By utilizing\u2063 these services, consumers can spread out their payments over \u2062time, allowing them to enjoy \u2062their purchases without the immediate financial strain.<\/p>\n<p>Conclusion<\/p>\n<p>The impressive online spending of $38 billion during the Thanksgiving weekend reflects the \u200cresilience and \u2062optimism of U.S. shoppers. Surpassing initial projections, the record-breaking\u200b sales and discounts across various product categories emphasize the significant \u2064impact of discounts on consumer demand. With the holiday shopping season in full \u200bswing, retailers can be hopeful for a\u200b robust and\u200d prosperous end to the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>November 28, 2023 \u2013 3:32 PM UTC: U.S. shoppers flocked to Walmart in Chicago, Illinois, ahead of Thanksgiving. With deep discounts on various items, including beauty products, toys, and electronics, online spending reached approximately $38 billion during the holiday weekend, indicating a significant splurge<\/p>\n","protected":false},"author":1911,"featured_media":2109844,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2109843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2109843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2109843"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2109843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2109844"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2109843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2109843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2109843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}