Tuesday, January 25, 2022
42.4 F
Fort Worth

Adobe says online sales topped $4B on Thanksgiving

🕐 1 min read

NEW YORK (AP) — Adobe Analytics says that online spending hit new records on Thanksgiving Day, reaching $4.2 billion. That’s a 14.5% increase from a year ago.

Adobe also says that Black Friday is on track to hit $7.4 billion as of 9 a.m. Friday; $600 million has already been spent online on Friday, representing a 19.2% increase from the year-ago period.

But as online sales surged, some retailers were grappling with outages, according to technology company Catchpoint, which monitors retailers’ online performance. Costco.com experienced “intermittent slow load and transaction times” starting late evening on Wednesday, according to Catchpoint. The site was unavailable for a brief time early on Thanksgiving.

Costco was flagging “longer than normal response time” on its website late Friday morning. H&M was down for under 5 minutes on Thanksgiving, according to Catchpoint. The site went down again Friday morning, though it’s back up. And HomeDepot.com experienced intermittent “slow load times” on Thanksgiving, according to Catchpoint.

Related Articles

Our Digital Sponsors

Latest Articles

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.