Online spending on Black Friday reached record levels, and Cyber Monday is expected to be the biggest online shopping day ever, as inflation-fatigued shoppers zero on in the biggest holiday discounts. But even amid signs of better demand after two years of holiday-season disruptions, Wall Street’s reservations, particularly around physical stores, remain intact, and one analyst said it was wise to keep “muted expectations” for the period. The…
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Online spending on Black Friday reached record levels, and Cyber Monday is expected to be the biggest online shopping day ever, as inflation-fatigued shoppers zero on in the biggest holiday discounts. But even amid signs of better demand after two years of holiday-season disruptions, Wall Street’s reservations, particularly around physical stores, remain intact, and one analyst said it was wise to keep “muted expectations” for the period. The…
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