The Globe and Mail reports in its Saturday edition that Walmart, Amazon and Chinese e-commerce sites Shein and Temu saw record-breaking U.S. sales on Black Friday and Cyber Monday, according to spending data. A Reuters dispatch to The Globe says that meanwhile, competitors Target and Best Buy struggled. Holiday shoppers largely browsed at brick-and-mortar stores, making more on-line purchases at some retailers, snapping up such items as used Rolex watches, Pokemon cards and singer Sabrina Carpenter's perfumes at Walmart, and Fire TV streaming devices and Shark vacuums at Amazon during the deal-heavy week, which at Amazon began on Nov. 21. Americans spent $10.8-billion (U.S.) on-line on Black Friday this year, up 10.2 per cent from the previous year, then followed that up by spending $13.3-billion (U.S.) on Cyber Monday, 7.3 per cent more compared with Cyber Monday in 2023. Among retailers, Amazon saw the strongest growth on Black Friday, with sales rising 6 per cent compared with Black Friday a year earlier. Walmart saw 3 per cent more spending compared with the year-earlier period, while big-box chains Target and Best Buy saw declines versus a year earlier. Temu and Shein clocked double-digit percentage growth sales.
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