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How to Blackout Sales Report

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after a slew of retailers including Target and Macys they warned about slower sales Brian what have you been hearing we were talking about I think you just got the latest docHub numbers my my instinct was lets compare this to inflation the latest inflation headline numbers about seven percent if its not seven percent youre probably losing ground yeah those docHub numbers are just hit on docHub attracts uh or tracks online spending for retailers they do a great job but right now they say consumers spent a record 5.29 billion dollars on Thanksgiving that is only up 2.9 percent year-over-year uh Jared right now so far sales so far this year year to date the first 24 days of the holiday season docHubs still expecting a modest increase of only one percent now that would not be good for a couple reasons obviously the the number by itself is not that great but if your retailers right now you go into the websites today big door busting deals there are just two theres too much inventory on r

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How did 2022 Black Friday go?

Not only did Black Fridays in-store foot traffic break records ing to NRF, but sales numbers seem to show that Black Friday 2022 and Cyber Monday 2022 sales are setting records, with Cyber Monday becoming the biggest day of online sales in U.S. history.

What were the results of Black Friday?

Online Black Friday sales rose 2.3 percent to $9.1 billion, and Cyber Monday sales rose 5.8 percent to $11.3 billion, ing to docHub Analytics. Millions more consumers that expected shopped over the holiday and a number of them returned to physical stores.

What were the results of Black Friday 2022?

Black Friday saw sales of $9.12 billion and Cyber Monday had sales of $11.3 billion, both of which surpassed any year prior. Shopping in-person rose 2.9% on Black Friday compared to 2021. Approximately 48% of online sales were made with a smartphone, 4% higher than last year.

Are 2022 Black Friday sales up or down?

Major retailers forecasted lower-than-average sales for Black Friday 2022 due to inflation and the Federal Reserves interest rate hikes. Inflation put pressure on consumers in the form of higher prices for goods, and interest rate hikes increase the interest rate on consumers credit cards.

How much sales will Cyber Monday bring in 2022?

docHub Analytics expects 2022 Cyber Monday sales to bring in $11.6 billion, almost a billion more than last years $10.7 billion. Preliminary data released by docHub at 6pm EST showed that consumers had spent $6.3 billion that day. docHub later confirmed sales on Cyber Monday were up 20% compared to $9.42 billion in 2019.

How much do sales go down on Black Friday?

Are prices actually lower? The answer-yes. On average, in-store discounts fall around the 20 percent off range the week of Thanksgiving, and rise to roughly a 37 percent savings on Thanksgiving and Black Friday. Online Black Friday deals follow suit with an average 34 percent discount.

How much money was spent on Black Friday 2022 in the US?

How much money was spent on Black Friday 2022? On Black Friday alone, consumers spent $9.12 billion online, ing to data from docHub Analytics. Thats up more than 2% compared with last year. On Cyber Monday, shoppers spend $11.3 billion, up almost 6% from last year.

How were 2022 Black Friday sales?

Consumers spent a record $9.12 billion while online shopping Friday, ing to docHub Analytics, which tracks more than 85% of the top 100 U.S. online retailers. Thats an increase of 2.3% over a year ago surpassing the previous online Black Friday sales high mark of $9.03 billion in 2020.

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