Published: Mon, November 27, 2017
Research | By Jennifer Evans

Thanksgiving, Black Friday online sales soar to record highs

Thanksgiving, Black Friday online sales soar to record highs

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Canadians will "tap, swipe and click their way" through Black Friday and Cyber Monday and into the holiday season under a "cloud of debt", Manulife Bank of Canada said.

Adobe released initial online shopping data on Thursday, noting that there was already almost $360 million in sales as of 7 a.m. PT - up 17.6 percent from past year.

Online sales volume on the Black Friday shopping day grew 24% year-over-year, according to data from Salesforce's retail intelligence unit. They say even if it's not crowded, Black Friday shopping is a tradition they are not ready to give up.

Meanwhile, the analytics firm Shopertrak reported that foot traffic to physical retail stores was down 1.6% for Thanksgiving and Black Friday, and down just 1% for Black Friday itself.

Retailers in the USA raked in $7.9 billion in online sales on Black Friday and Thanksgiving, Reuters reports.

Deal comparison website Cyber Monday Hero has found the best Microsoft Surface Pro Cyber Monday deals of 2017.

About Black Friday Dealer: Black Friday Dealer are a team of deal analysts that compare the best discounts on popular consumer electronics during Cyber Monday. Tim Marr participates in affiliate programs including the Amazon Associates program and earns income by providing links to and other websites.

This article has been provided by Nasdaq Globe Newswire.

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