"By the numbers: Friday's retail sales excluding autos rose 4.1%, Mastercard SpendingPulse said in a statement. That's stronger than last year's 3.4% growth. Online sales rose 10.4%; in-store sales rose 1.7%. The data are not adjusted for inflation. Demand was strongest for clothes and jewelry. The Mastercard data lines up with other evidence that shoppers turned out Friday. Pass_by, which analyzes retail foot traffic, said in-store visits rose 1.17% this year versus last."
"Adobe Analytics estimated Black Friday online spending at $11.8 billion, up a full $1 billion from last year. Between the lines: Though economic vibes are generally weak, retailers are still optimistic. Walmart recently raised its outlook for the year, and the National Retail Federation expects this to be the first $1 trillion holiday season. What to watch: Cyber Monday will be the next key indicator of retail's health."
Friday's retail sales excluding autos increased 4.1% year-over-year, outpacing last year's 3.4% growth. Online sales climbed 10.4% while in-store sales rose 1.7%; the figures are not adjusted for inflation. Demand was strongest for clothing and jewelry. Retail foot traffic grew 1.17% according to Pass_by, and Adobe Analytics estimated Black Friday online spending at $11.8 billion, $1 billion higher than last year. Retailers remain optimistic despite weak broader economic sentiment, with Walmart raising its outlook and the National Retail Federation forecasting the first $1 trillion holiday season. Cyber Monday will serve as the next major retail indicator.
Read at Axios
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