The sales data has began to trickle in from the Black Friday – Cyber Monday shopping holiday.
While sales figures have been cited as strong by associations like the National Retail Federation, these figures have not been adjusted for inflation.
Adobe Analytics reported a record $9.8 billion in Black Friday online sales, up 7.5% from 2022, not accounting for inflation. And for Cyber Monday, consumers spent $12.4 billion, a 9.6% increase from 2022.
itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business and their stores to improve financial performance and compete more effectively with the “Amazons”.