Business Report: Black Friday Kicks Off Holiday Shopping Season
Friday, November 23, 2018
Credit: Associated Press
KPBS anchor Ebone Monet and San Diego State University Marketing Lecturer Miro Copic discuss some of the week’s top business stories.
This week’s topics:
The holiday shopping season kicked into high gear Friday with about 164 million people expected to take advantage of Black Friday deals this weekend, according to the latest survey published by the National Retail Federation.
Analysts from MasterCard Spending Plus expect Black Friday sales to hit $23 billion. That’s up from $21 billion during the same period last year.
Small Business Saturday
Small business owners in San Diego and around the nation want shoppers to show their support in a big way on Small Business Saturday. Last year, shoppers spent $12.9 billion on local retailers on the Saturday after Thanksgiving, according to a report by the National Federation of Independent Business and American Express.
Many shoppers are waiting for Cyber Monday to take care of holiday shopping from the comfort of their computers.
A report by Adobe Analytics expect shoppers to spend more than $23 billion on the Monday after Thanksgiving.
Nonprofit organizations are preparing for Giving Tuesday with the hope of attracting new and veteran donors to their charitable campaigns.
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