Black Friday data shows US shoppers spent $10.8 billion online

(Reuters) - U.S. shoppers used their mobile phones, laptops, desktops and other devices to make roughly $10.8 billion in purchases online on Black Friday, an updated tally from Adobe (NASDAQ:ADBE ) Analytics showed.

Black Friday, the day after American Thanksgiving, marks the official start of the holiday shopping season for retailers and competition has intensified among retailers to win every penny-pinched shopper seeking discounts.

Increased online shopping potentially favors e-commerce giants such as Amazon.com (NASDAQ:AMZN ) and Walmart (NYSE:WMT ). Walmart, which operates 4,700 U.S. stores, has invested heavily in store-to-home deliveries for the holiday season to boost e-commerce.

U.S. spending online on Black Friday rose 10.2%, said Adobe, which keeps track of devices that use its software to help power more than 1 trillion visits  to  U.S. retail sites.

Corey Coscioni, 58, said he looked for bargains online as well as in stores on Black Friday, seeking "gifts for everyone: my wife, my daughter, and myself."

Top selling merchandise online included makeup, skincare and haircare products, as well as bluetooth speakers and espresso machines, Adobe said on Saturday.

Online sales of toys rose 622% compared to average daily sales in October, while jewelry sales rose 561% and appliances spiked 476% compared to October, it added.



Department store chains such as Macy's (NYSE:M ) and Kohl's (NYSE:KSS ) as well as big-box retailer Target (NYSE:TGT ) could see muted sales this season, which is shorter with only 26 days between Thanksgiving and Christmas.

In 2023, U.S. shoppers spent $9.8 billion online on Black Friday, and in 2022, they spent $9.1 billion, Adobe said.

Source: Investing.com