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NPD: Black Friday Week Traffic Surge Didn’t Lift Retail Sales

Black Friday week marked the sixth consecutive week of in-store sales revenue declines for U.S. discretionary general merchandise, according to retail The NPD Group.

NRF: Slow U.S. GDP Growth Should Dispel Recession Fears

Despite strong consumer spending, gross domestic product is unlikely to grow as much in the final months of 2022 as it did in the third quarter, National Retail Federation Chief Economist Jack Kleinhenz stated as part of NRF’s Monthly Economic Review, but he also noted that the evidence suggests that the country is not in a recession.

Online Black Friday Home Product Shoppers More Engaged in 2022

Despite Black Friday promotions beginning earlier than typical this year, retailers saw an 11% increase in day-of Black Friday site traffic, a 5% increase in the number of orders and a 1% increase in average order values versus the sales period a year earlier, according to a study from retail marketing platform Bluecore.

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