Black Friday spending in US retail stores muted compared to online purchases
E-commerce growth indicates positive consumer behavior, possibly boosting IBUY's relevance.
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E-commerce growth indicates positive consumer behavior, possibly boosting IBUY's relevance.
What happened, with direct paths to the underlying reporting
US retail store sales grew just 0.7% year-over-year. E-commerce sales surged by 14.6%, driven by online shopping. Inflation-adjusted spending shows decline in in-store purchases. E-commerce giants like Amazon benefit from rising online sales. Overall spending rose by 3.4%, driven mainly by online platforms.
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