Black Friday Sales Accelerate With Online a Bright Spot
- Retail sales grew 3.4% while in-store purchases were up 0.7%
- US consumers are seeking bargains after the bite of inflation
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Black Friday sales grew at a faster pace in the US this year, underscoring that choosy consumers are still opening their wallets when they find the right products.
Retail sales, excluding automotive, grew 3.4% on the day after Thanksgiving, the traditional start of the holiday shopping season, according to Mastercard SpendingPulse. That figure outpaced growth last year and is not adjusted for inflation.