According to new research, Walmart Inc (NYSE:WMT) is at the top of mind for holiday shoppers who hunted for Black Friday deals. The big box retailer dominated online searches for Black Friday discounts as of Friday morning, CNBC reports citing Captify. Searches for Black Friday discounts on Walmart surged 386% year over year, leapfrogging rival retailer Amazon.com Inc (NASDAQ: AMZN), which last year ranked first in Captify's survey of most searched retailers on Black Friday. Also Read: Bummer For Premium iPhone Lovers This Holiday Season - Best Buy Warns Against Supply Crisis This year, the world's largest e-commerce company ranked fourth, behind Target Corp (NYSE:TGT) and Kohl's Corp (NYSE:KSS), respectively. Americans will likely pull back on holiday shopping this year as sky-high inflation squeezes their spending power. Early signs show the season may not be as gloomy as predicted. Online sales climbed 2.9% year-over-year to $5.29 billion on Thanksgiving Day, Adobe Analytics said, slightly higher than its estimates for growth during the overall holiday season. Black Friday will likely pull in $9 billion in online sales, a 1% jump Y/Y. Shopify Inc (NYSE:SHOP) merchants saw a solid start to the holiday period. Price Action: WMT shares closed at $152.98 on Friday.
Black Friday Surprise: Walmart Beats Amazon In Online Searches For Deals
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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