Thanksgiving sales overcome inflation gloom, hit record $5.3 bln- report

January 11, 2023

Adobe Analytics on Friday said Thanksgiving sales hit a record $5.29 billion, even as inflation worries and holiday deals starting as early as October were expected to lead to a 1% decline. Products such as strollers, speakers and outdoor grills flew off the shelves, the report said, with more shoppers taking to placing orders through their smartphones. Mobile shopping drove 55% of online Thanksgiving sales. Black Friday is expected to bring in $9 billion from online sales, a modest increase of 1% from last year, with shoppers now flocking to brick-and-mortar stores after a pandemic-led pause over the last two years. Adobe Analytics' analysis measures consumer transactions online covering over 1 trillion visits to U.S. retail websites.