Black Friday Sales Rise, But Inflation May Shrink Growth

Black Friday sales saw a 4.1% increase, with online shopping surging by 9.1%. However, inflation may cut this growth by half. A K-shaped economy is evident, with higher-income individuals spending freely while lower-income shoppers budget carefully. Eighty-five percent of consumers expect higher prices due to tariffs, influencing shopping behavior. Holiday retail sales are projected to grow by 3.7-4.2%, with a record one trillion dollars expected. Buy now, pay later options are gaining popularity, with twenty-two billion dollars projected to be spent.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.