Holiday shopping online hit a record for Black Friday, several days before the retail industry-coined Cyber Monday gets underway, as more consumers said they used the web to seek deals.
Holiday shoppers in the United States spent some $595 million online on Black Friday, up 11 percent from last year, with Amazon.com and Walmart.com the most visited sites, according to analytics firm comScore.
Sales may have risen only slightly on Black Friday as U.S. shoppers sought deals on electronics, toys and clothes, but retailers appeared to have been better-prepared to protect margins against tepid results.
Sales may have risen only slightly on Black Friday as U.S. shoppers sought deals on electronics, toys and clothes, but retailers appeared to have been better-prepared to protect margins against tepid results.
In a worrisome sign for retailers, data released on Saturday showed that sales rose a scant 0.5 percent on the traditional kickoff to the holiday shopping season despite early signs of a strong showing.
A focus on bargains pulled U.S. shoppers into stores and onto websites over the Thanksgiving holiday weekend, but many said they would stick to their budgets and avoid purchases if they couldn't find a good deal.
Consumers found time this U.S. Thanksgiving Day to squeeze in a lot more holiday shopping online, in between spending time with family, watching football and feasting on turkey.
U.S. shoppers turned out in strong numbers at the start of the holiday season on Friday to hunt for bargains, though many said they were spending more selectively.
U.S. shoppers may stretch tight budgets this year to reward loved ones after months of thrift, a softening of heart that store chains hope will erase the holiday season sales debacle of 2008.
Retailers across the country have slashed prices on various goods in their stores.
Wal-Mart Stores Inc's demand for rock-bottom prices from suppliers in China means some of these companies are forcing their employees to work in sweatshop-like conditions, a new report said on Wednesday.
Top U.S. booksellers Barnes & Noble Inc and Borders Group Inc will pay a price for coming late to market with electronic book readers, analysts said..
Barnes & Noble Inc cut its full-year forecast on expectations of a tough holiday season and high costs for its Nook electronic reader, while rival Borders Group Inc posted a wider-than-expected loss. Shares of both booksellers fell sharply.
Up to 134 million U.S. consumers may shop for holiday gifts this Thanksgiving weekend, although most will check the bargains before venturing out, according to a survey released on Tuesday.
Despite the worst U.S. recession in decades, sales of organic and sustainable products have continued to grow, experts say, with shoppers willing to spend a few more dollars in a bid to become more green.
Wal-Mart Stores Inc , which has already cut prices on everything from toys to turkeys to TVs to win holiday shoppers, is now reducing the price it charges for money transfers.
Retailer Wal-Mart's Black Friday advertisements have been published online promoting laptop computers below $200, $5 toys and $3 clothing, among others.
BJ's Wholesale Club Inc reported a 37 percent drop in quarterly profit on Wednesday, hurt by a charge for a proposed legal settlement regarding worker pay.
BJ's Wholesale Club Inc reported a 37 percent drop in quarterly profit on Wednesday, hurt by a charge for a proposed legal settlement regarding worker pay.
BJ's Wholesale Club Inc reported a lower quarterly profit on Wednesday, hurt by falling food prices and lackluster demand for its general merchandise.
U.S. stocks fell on Tuesday after discount retailer Target gave a cautious holiday season outlook, but positive brokerage comments on tech bellwether Microsoft helped limit losses.
Discount retailer Target Corp reported third-quarter results that beat Wall Street expectations but forecast a holiday quarter profit that could fall short of estimates, and its shares fell over 5 percent.