New York Times: ‘Bleak Friday’ for Stores as Pandemic Pushes Holiday Shopping Online

New York Times: ‘Bleak Friday’ for Stores as Pandemic Pushes Holiday Shopping Online. “Analysts at Morgan Stanley estimated that retailers’ overall Black Friday sales fell 20 percent from last year, based on early reports of drops in store foot traffic and increases in online sales. Consumers spent $9 billion online on Friday, a 21.6 increase from last year and the second-biggest figure for online retailers ever, according to Adobe Analytics, which scans 80 percent of online transactions across the top 100 U.S. web retailers. The firm said online sales rose to $23.5 billion in the four-day Thanksgiving-to-Sunday period, up 23 percent from last year.”

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