Sunday, November 26, 2017

Black Friday online sales hit new high

9:13 PM    
Despite projections that brick-and-

mortar sales would drop by a larger amount this year, initial estimates point to a less than 1 percent drop in sales from in-store purchases over the holidays.
“There has been a significant amount of debate surrounding the shifting importance of brick-and-mortar retail,” ShopperTrak senior director of advisory services Brian Field told Reuters.
“The fact that shopper visits remained intact on Black Friday illustrates that physical retail is still highly relevant and when done right, it is profitable.”
U.S. stocks closed high after a half-day session on Black Friday, with major gains by tech companies like Amazon leading the way.
Shares in Amazon, Inc. gained 2.6 percent alone on Friday after reports of strong sales for the major online retailer, marking the company's third-straight record close.