Holiday shoppers spent less while staying at home over the Black Friday shopping weekend this year.
Shoppers on average spent $312 on holiday-related items over the Black Friday weekend, accounting for a 14% drop from the same time in 2019, a survey released by the National Retail Federation and Prosper Insights and Analytics on Tuesday found. The survey also found that 37% fewer shoppers participated.
The coronavirus pandemic hurt numbers as shoppers concerned about the risk of large crowds ditched the in-person experience of Black Friday and turned to the internet for deals. Shoppers spent over $10 billion during Cyber Monday, a shopping holiday on the Monday