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Black Friday shoppers spent $9.8B in US online sales, up 7.5% from last year
- __s 3y agoI'd expect this to be higher since it grows with both inflation & population
- matheweis 3y agoLooks like yoy inflation is about 3.5%, and purchasing age population increase is between 0.5% and 1.5%. What other metrics should one be looking at to push that over 7%?
- burning_stubble 3y agoIt is possible that economy is not looking as rosy as last year and more discounts were given by sellers this year leading to more sales? Also, I am not sure if a single analytics company report is worth it to generate discussion on this as the difference seems like error margin.
- fluffednuitter 3y agoIf you change the methodology for calculating the CPI[1], in particular changing the mix to remove purchases that wouldn’t be captured by black-friday sales (energy, shelter, to some extent?: food) and re-weight categories like clothing you will get very different (possibly higher) inflation numbers [2] [1]https://www.investopedia.com/articles/07/consumerpriceindex.asp https://www.investopedia.com/articles/07/consumerpriceindex.... [2]https://www.bls.gov/news.release/cpi.htm https://www.bls.gov/news.release/cpi.htm
- username135 3y agoSo if you change the equation, the answer will be different? Interesting...
- notyofriend 3y agoInflation basket isn’t a good measure for this. You need a custom basket that is mostly consumer goods and you need to pull out the hedonic adjustment because a tv is still a tv even if it’s slightly more modern
- tutorialmanager 3y agoI would guess they got less for more money.
- chii 3y ago7% is approximately how much average inflation would've been for a lot of items. So you are very likely going to be spot on about getting less for more money. But this also indicates that, on average, people haven't cut back, despite the inflation.
- throw03172019 3y agoHave there been any studies of how Black Friday / cyber Monday’s sales predict upcoming recessions?
- shyn3 3y agoNobody is shopping bullshit. Nobody has money. The economy is crashing.
- ngetchell 3y agoThe article seems to disagree with your opinion.
- shyn3 3y agoBecause all the media is owned by the same people. If you haven't figured it out yet then Im sorry for you. Also politics there is no left and right wing
- notyofriend 3y agoMore like stores have no inventory why bother going
- shyn3 3y agoThey are clearing their crap and can't afford new shit. They are taking advantage of dumb buyers
- deleted 3y ago[deleted]
- responsivity 3y agoWent to my local Target and it was half empty compared to last year
- nblgbg 3y agoIt means Target is not popular ? I went to other stores and they are lot of people.
- mint2 3y agoLike an in person IRL store? Those still exist? Okay I’m being facetious but I did spend more than ever and didn’t set foot in a store and that seems to be the trend these days. Brick and mortar sales do have meaning but it’s harder to compare their crowds to prior times And sure, my account is one data point of anecdotal evidence.That’s fine in this thread’s context, I.e one starting off with an anecdotal observation.