American consumers got holiday shopping off to a strong start | CNN Business

11/30/2022 2:00:00 AM

A record number of Americans shopped over the Thanksgiving holiday weekend, a trade group says, despite high inflation and a potential recession looming

A record number of Americans shopped over the Thanksgiving holiday weekend, a trade group says, despite high inflation and a potential recession looming

Americans dished out for toys, televisions and clothing on Black Friday and into the holiday weekend, despite decades-high inflation and a potential recession looming in 2023.

The National Retail Federation, a trade group for the retail industry, said a record 196 million Americans shopped in stores and online over the Thanksgiving holiday weekend, a 10% increase from last year.Here are some of the most fascinating — and controversial — responses they shared: 1.Follow Us..

“As inflationary pressures persist, consumers have responded by stretching their dollars in any way possible,” NRF chief executive Matthew Shay said in a news release Tuesday.Shoppers returned to physical stores on Black Friday after avoiding much of in-person shopping the last two holidays due to Covid-19 concerns.before the actual wedding.Mastercard said in-store sales increased 12% on Black Friday from last year.Consumers also spent a total of $11." — annih4a3742bc4 2.3 billion on Cyber Monday, representing 5.

8% growth year-over-year, according to Adobe Analytics." "I’m South Asian, so when you go to a wedding, there’s so much color everywhere!!! The bride's dress, the groom's outfit, and the guests, of course!" — laraziz_15 3.Cyber Monday is the biggest online shopping day of the year, and this year set a new annual sales record.“With oversupply and a softening consumer spending environment, retailers made the right call this season to drive demand through heavy discounting,” said Vivek Pandya, lead analyst at Adobe." "I can understand wanting your bridal party to look uniform and to your taste on your big day, but to me that means you pay for what you want them to wear.“It spurred online spending to levels that were higher than expected.” Retailers have dangled promotions to drive consumer demand and unload excess inventory."The cash bars.

It appears the discounts were deep enough to convince many customers to buy.Consumers making more than $100,000 a year drove spending over the holiday weekend, Shay said on a call with reporters Tuesday.That's a weird argument.Lower-income consumers spend a larger share of their income on necessities and have pulled back some of their discretionary spending to afford groceries and essentials, analysts say.Overall, the National Retail Federation projects holiday sales to increase up to 8% from a year ago." — jancharn6 5.While that figure would be slower growth than last year, it’s above historical averages.

.We always have DJs.

Read more:
Loading news...
Failed to load news.

Disinformation Thanks Joe 1 cause ppl were broke last yr and 2 looks like 130 million ppl were smart and held on to that money....u already know the government got the next major catastrophe for next yr lined up so.... spend wisely But you guys keep telling us how bad everything is and “people can barely afford food and gas” More fear porn from the Malone and Licht kkklan

Yes I blew off brick and mortars 100% all Amazon there's always a 'despite' no matter how good the news. I bet a majority charged it to the credit cards and will worry about the payments next year!! It is what happens when you have a lot of money, then all of a sudden due to inflation, it is all gone.

23 Things About American Weddings That Non-Americans Find Shocking, Unnecessary, And Weird“I went to a wedding where the groom took the garter off with his teeth and put his head up the bride’s dress to get it. It was gross because the bride and groom were 19. Eleven-year-old me didn’t need to see that.” I ain't doing things that Americans do just so they can make a movie about it. -Dad Well, americans, you don't need to wait to be maried to know your partner and to have sex, it's really weird

Majority of Americans want House GOP to probe Hunter Biden’s overseas business deals: PollA majority of Americans approve of the House GOP’s plans to probe Hunter Biden’s foreign business dealings, a newly released poll shows. Some love less than lover pay more for nothing Metaverse isn't that like a logical thing to do - investigate a criminal? what dimension have i slipped into... They can add Jared Kushner and Ivanka to the list....

CNN data reporter: Republicans are relieved Trump won't campaign with Walker - CNN VideoFormer President Donald Trump will not return to Georgia to campaign with Republican Senate candidate Herschel Walker during the runoff election. CNN’s ForecasterEnten explains why Republicans are relieved by Trump’s absence. Watch here: ForecasterEnten Ok now report on why Biden isnt going to Georgia.. ForecasterEnten Fake news! ForecasterEnten “Republicans” and “Democrats” are no longer in control. Get right with MAGA, or close your doors. It’s existential.

Final Countdown in GA Senate Runoff - CNN Political Briefing - Podcast on CNN AudioThe Georgia Senate runoff is one week away from voters deciding if Democratic Senator Raphael Warnock will get another term, or if Republican Herchel Walker will make the Senate 50/50. CNN’s Chris Cillizza breaks down what both candidates and parties are doing for the race, and why its result matters. ChrisCillizza Hello, how are you doing? ChrisCillizza All the cheating will not help Democrats. Ask Stacey.

AMC Networks CEO steps down after less than three months | CNN BusinessAMC Networks is looking for a new CEO.

Bank of America CEO predicts two years of pain ahead in the housing market | CNN BusinessThe CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s also hopeful that the likely recession will be brief and “mild.” The IR has arrested Arash_Sadeghi just because he was the voice of less-known innocent political prisoners. Arash is in a critical life threatening condition. The IR intends to kill him in silence. Be Arash's voice. مهسا_امینی MahsaAmini IranRevoIution I'm old enough to remember when Poopy Pants Joe said inflation would be transitional...TRY HARDER CNN!