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Black Friday Online Sales Hit Record $9B

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Reuters - U.S. shoppers reportedly spent a record $9.12 billion online this Black Friday as consumers weathered the squeeze from high inflation and grabbed steep discounts on everything from smartphones to toys. Online spending rose 2.3% on Black Friday, Adobe Inc's (ADBE.O) data and insights arm Adobe Analytics said, thanks to consumers holding out for discounts until the traditionally big shopping days, despite deals having started as early as October. And as the trends stand, Adobe expects Cyber Monday to be the season's biggest online shopping day again, driving $11.2 billion in spend.

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