Black Friday Fever: Shoppers Focus on Deals Amid Economic Uncertainty
The US retail scene witnessed a significant shopping frenzy over the five-day Thanksgiving weekend, with many consumers opting for deals online and in-store as they navigated economic uncertainty. Despite predictions of gloomy spending due to the economic downturn, shoppers remained focused and selective, with online sales accounting for 30% of total holiday sales - an increase from 15% in 2012.
According to Adobe Analytics, Cyber Week generated $44.2 billion in online sales, up 7.7% year-over-year, largely driven by record spending on Black Friday. The day itself saw consumers spend $14.25 billion, a 7.1% rise compared to last year's figure.
Retailers reported strong foot traffic at iconic malls like the Mall of America, with over 235,000 visitors on Black Friday, marking the busiest shopping day in the mall's history.
However, despite the enthusiasm, shoppers were laser-focused and had done their homework beforehand, often relying on social media or store websites to inform their purchasing decisions. Marketing director William Lewis at Westfield Garden State Plaza noted that customers "know exactly where they are going" before making a purchase.
Discounts were generous during the weekend, but analysts warn that retailers will likely pull back from these discounts in the coming weeks, with only certain items expected to see continued promotions.
While shoppers remained optimistic about the holiday season, concerns surround potential tapering of spending as the season progresses. Experts are closely monitoring data between post-Thanksgiving sales and the last week before Christmas to determine whether spending remains strong throughout the holiday period.
Industry insights point to consumers delaying purchases in order to spend during the holidays, raising questions about how shoppers will behave in 2026.
The US retail scene witnessed a significant shopping frenzy over the five-day Thanksgiving weekend, with many consumers opting for deals online and in-store as they navigated economic uncertainty. Despite predictions of gloomy spending due to the economic downturn, shoppers remained focused and selective, with online sales accounting for 30% of total holiday sales - an increase from 15% in 2012.
According to Adobe Analytics, Cyber Week generated $44.2 billion in online sales, up 7.7% year-over-year, largely driven by record spending on Black Friday. The day itself saw consumers spend $14.25 billion, a 7.1% rise compared to last year's figure.
Retailers reported strong foot traffic at iconic malls like the Mall of America, with over 235,000 visitors on Black Friday, marking the busiest shopping day in the mall's history.
However, despite the enthusiasm, shoppers were laser-focused and had done their homework beforehand, often relying on social media or store websites to inform their purchasing decisions. Marketing director William Lewis at Westfield Garden State Plaza noted that customers "know exactly where they are going" before making a purchase.
Discounts were generous during the weekend, but analysts warn that retailers will likely pull back from these discounts in the coming weeks, with only certain items expected to see continued promotions.
While shoppers remained optimistic about the holiday season, concerns surround potential tapering of spending as the season progresses. Experts are closely monitoring data between post-Thanksgiving sales and the last week before Christmas to determine whether spending remains strong throughout the holiday period.
Industry insights point to consumers delaying purchases in order to spend during the holidays, raising questions about how shoppers will behave in 2026.