Shoppers may be opting to shop on Thanksgiving Day instead of Black Friday, indicating a key shift in the holiday shopping habits of the American\u2026<\/b>
\nShoppers may be opting to shop on Thanksgiving Day instead of Black Friday, indicating a key shift in the holiday shopping habits of the American public. CNBC reports that Americans spent $3.7 billion on Thursday which is about 30 percent more than they did on Thanksgiving last year.
Based on a report from Adobe Analytics, a significant percentage of that spending occurred via mobile phone. Americans used smartphones to spend $1 billion on Thursday which is close to 10 percent more than last year.
Despite the impressive number of e-commerce sales, hordes of people showed up in front of brick and mortar stores to cash in on deals on Thursday evening, presumably thanks to big deals from retail giants like Macy\u2019s, Target and Walmart. These stores also opened earlier, adding even more encouragement for shoppers to show up.
There were examples of retail chains welcoming in shoppers between 2 pm and 6 om EST and one of them offered free cookies and coffee to their customers.
With all of this shopping activity on Thanksgiving, does this mean that Black Friday is getting overshadowed by a holiday that used to be almost wholly associated with spending time with family over a turkey dinner?
\u201cHere at the mall, it has been remarkably slow, to be honest,\u201d Kerri Sapp, senior manager of Deloitte said on Friday as she stood inside Lenox Square mall in Atlanta. She added that the crowds on Friday were a lot smaller than what those present at the \u201cbig-box stores\u201d on Thanksgiving evening. She said that the biggest crowd were getting coffee at the Starbucks.
But CNN reports that Americans still spent about $23 billion on Black Friday.
Changes in American Christmas shopping habits are potentially facing an even more dramatic shift next year thanks to tariffs against Chinese goods introduced by President Donald Trump.
Black Friday sales could hit a record $23 billion https:\/\/t.co\/JgwDGOE3oL pic.twitter.com\/nzASVhPAQ3
\u2014 CNN (@CNN) November 23,2018
With President Trump and President Xi Jinping meeting next week at the G20 Summit, there\u2019s hope that the trade war could be resolved. But given terse statements on trade by both sides about trade, some experts are concerned about the future of Chinese-American economic relations.<\/p>\n