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Stock impact report

K-shaped economy and inflation boost Black Friday sales by 4.1% from last year, online spending jumps 9.1% [CNN]

Bath & Body Works, Inc. (BBWI) 
Company Research Source: CNN
Online shoppers alone spent $11.8 billion , up 9.1% from 2024, according to data collection platform Adobe Analytics. But those gains don't account for higher prices due to inflation , so actual spending could be flat. “We have 3% inflation, so maybe (the 4.1% increase in spending) is a real increase of just 1% or so, which is not that much of an increase,” Rick Newman, who writes The Pinpoint Press, a newsletter on the US economy, told CNN on Friday. There's also a bifurcation in who's spending. The Federal Reserve's most recent Beige Book, a collection of anecdotes about the economy, showed consumer spending among low- and middle-income consumers is on the decline. Meanwhile, the Fed found high-end consumers are continuing to spend — including on luxury items and travel. Consumers have bought fewer items this holiday season, but the average selling prices are higher, according to Claudia Lombana, a national consumer expert. “The ones that have higher income are spending at Show less Read more
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