Holiday Shopping Season Kicks Off with Record Online Sales

Black Friday and Cyber Monday 2022: A Strong Start to the Holiday Shopping SeasonDespite economic uncertainties, consumers kicked off the holiday shopping season with a bang, spending a record $44.2 billion online from Thanksgiving to Cyber Monday. This marked a 7.7% increase from last year, with Black Friday setting a new spending record. Online sales now account for 30% of total holiday sales, up from 15% in 2012. The National Retail Federation expects overall sales for November and December to reach between $1.01 and $1.02 trillion, a 3.7% to 4.2% increase over last year. Experts will monitor spending patterns in the coming weeks to see if this strong start continues.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.