Thanksgiving there were about 200 million shoppers
2022.11.29 11:48
Thanksgiving there were about 200 million shoppers
Budrigannews.com – A trade group stated on Tuesday that Americans were tempted to open their wallets during the Thanksgiving weekend by substantial discounts on everything from clothing to electronics, despite the fact that inflation was weighing on their shopping budgets.
During the five-day holiday period from Thanksgiving Day through Cyber Monday, a record 196.7 million customers made purchases in stores and online, exceeding NRF’s expectations of 166.3 million and increasing by more than 9 percent from the previous year.
Customers in the United States demanded higher discounts following Thanksgiving, despite the fact that retailers such as Target Corp.to Kohl’s Corporationslashed prices weeks in advance and set off a discount frenzy for the holidays as early as October.
NRF President and CEO Matthew Shay stated, “As inflationary pressures continue, consumers have responded by stretching their dollars in any way possible.” “The Thanksgiving holiday shopping weekend is a tradition treasured by many American families.”
Graphic: Over the Thanksgiving weekend, more than 122.7 million people visited brick-and-mortar stores, while the number of people shopping online grew at a slower rate, despite the fact that scattered rains in some parts of the country prevented some people from doing so.
According to NRF, Black Friday continues to be the most popular day for in-store shopping.
Information from MastercardSpendingPulse, which estimates available and online retail deals across all types of installment, on Saturday likewise displayed in-store deals rose 12% on the shopping extravaganza following Thanksgiving, which has generally been the most active shopping day of the year.
Shay added, “It is important to note that while some may claim that increases in retail sales are the result of higher prices… It is consumer demand that is driving growth.”
