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In-Person Shopping Increased 2.9%: Black Friday Update

Bloomberg business news
Black Friday spending is forecast to fall, but it’s not all doom and gloom, according to Bloomberg Opinion columnist Andrea Felsted. She speaks on Bloomberg Television. Her views are her own.Source: Bloomberg
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US retailers experienced what appears to have been a muted Black Friday as high inflation and sagging consumer sentiment erode demand for material goods.

Online sales rose 2.3% to a record this year, with consumers shelling out for electronics and smart-home items, Adobe Analytics said, as retailers offer steep discounts to clear out bloated inventories. Hot items included toys such as Fortnite, Roblox and Bluey.