Black Friday Spending Hit Record $11.8B, Up 9%

American shoppers spent a record $11.8 billion online on Black Friday, up 9.1% from last year, final data from Adobe Analytics showed.

Adobe Analytics, which tracks over 1 trillion U.S. retail site visits, expects shoppers to spend $5.5 billion on Saturday and $5.9 billion on Sunday, up 3.8% and 5.4% from a year earlier respectively.

Separately, software firm Salesforce reported that American consumers had spent $18 billion on Black Friday purchases, up 3% from a year ago, with luxury apparel and accessories among the most popular categories.

Although U.S. consumers spent more this Black Friday compared to last year, price increases hampered online demand, according to Salesforce, with shoppers purchasing fewer items at checkout compared to last year.

At physical stores, the bargain-chasing was relatively subdued on post-Thanksgiving, with some shoppers saying they feared overspending amid persistent inflation, trade policy-driven uncertainty and a soft labor market.

Cyber Monday, traditionally a big day for online deals, is expected to be the season's biggest online shopping day again, Adobe projects, driving $14.2 billion in spending, up 6.3% from last year.