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Stock impact report

Retail Black Friday online sales to hit new record, expected to top $9 billion Published Fri, Nov 25 2022 7:14 PM EST [CNBC]

Funko, Inc. - Class A (FNKO) 
Last funko, inc. - class a earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.funko.com/investor-relations
Company Research Source: CNBC
billion, according to Adobe, which tracks sales on retailers' websites. That would be a record. Through 6 p.m. ET, shoppers spent $7.28 billion at websites. That number could balloon to as much as $9.2 billion before the day is done, Adobe said. The record-breaking spending comes on the heels of a strong day of Thanksgiving shopping , in which consumers shelled out an all-time high $5.29 billion online, up 2.9% year-over-year. Typically, shoppers spend about $2 billion to $3 billion online in a day, according to Adobe. The company said shoppers were picking up Apple products such as watches and AirPods, smart speakers and televisions, espresso machines, and gaming consoles, as well as toys from Funko , Hatchimals and Squishmallows. Adobe noted that mobile shopping also hit a record high this year, with sales from smartphones accounting for 55% of online sales on Thanksgiving Day. These sales are expected to account for 53% of total Black Friday sales, the company predicts. A Show less Read more
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