Black Friday consumer spending increased compared to the previous year, signaling continued purchasing power despite rising living expenses and uncertainties in the labor market. Preliminary data suggests that American shoppers maintained steady spending levels at the start of the holiday shopping period, reflecting resilience even as broader economic conditions remain volatile. The outlook for the remainder of the season, however, remains uncertain. Dana Telsey, founder and CEO of Telsey Advisory Group, discussed the current state of consumer behavior with Carol Massar and Tim Stenovec on ‘Bloomberg Businessweek Daily,’ offering insights into how households are navigating financial pressures during this key retail window. (Source: Bloomberg)
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Black Friday Sales Climb Despite Broader Economic Concerns
Sales on Black Friday rose from a year earlier, as data hints at US shoppers’ resilience amid higher costs and job-market concerns. Despite macroeconomic swings, shoppers appear to have purchasing power and were spending at a consistent level heading into Black Friday, although the outlook for the rest of the shopping period remains in flux. Telsey Advisory Group Founder & CEO Dana Telsey joined Carol Massar and Tim Stenovec on ‘Bloomberg Businessweek Daily’ t break down the state of the American consumer throughout the holiday shopping season. (Source: Bloomberg)