🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

AI helps drive record $11.8 billion in Black Friday online spending - The Economic Times

Economic Times

Economic Times · 5h ago

AI helps drive record $11.8 billion in Black Friday online spending - The Economic Times

U.S. online Black Friday sales hit a record $11.8 billion, fueled by AI-driven shopping tools that helped consumers navigate pricing and discounts amid tariff concerns. AI significantly boosted online traffic, with LEGO sets and electronic gadgets among the top sellers. Globally, AI influenced $14.2 billion in sales on Black Friday. Despite the spending surge, price increases led to fewer items purchased per transaction. Cyber Monday is expected to see continued growth in online sales.

Related News

US online spending surges $24.1 billion as steep discounts boost sales, Adobe says - The Economic Times

Economic Times

Economic Times · 4m ago

US online spending surges $24.1 billion as steep discounts boost sales, Adobe says - The Economic Times

From July 8 to 11, US online spending soared to $24.1 billion during the "Black Friday in Summer" sales, outpacing Adobe Analytics' forecast. Major retailers, including Amazon, Walmart, and Target, offered deep discounts, boosting mobile shopping and back-to-school purchases. Apparel saw the steepest discounts at 24%. The events, including Amazon Prime Day, drove significant consumer participation, with online retail sales rising 30.3% over projections. Mobile transactions led, accounting for 53.2% of sales.

Black Friday generates record $9.8 billion in US online sales

Economic Times

Economic Times · 2y ago

Black Friday generates record $9.8 billion in US online sales

According to data, Black Friday in the US generated a record $9.8 billion in online sales. This reflects a shift in consumer behavior towards online shopping due to the ongoing COVID-19 pandemic. The online sales recorded on Black Friday surpassed the previous year's sales by 21.6%. The holiday shopping season is expected to continue with strong online sales as consumers seek convenience and safety amidst the pandemic.

Thanksgiving sales generated $33.6 billion in online sales globally: Salesforce

Economic Times

Economic Times · 1y ago

Thanksgiving sales generated $33.6 billion in online sales globally: Salesforce

The Black Friday sales season has seen a surge in online shopping worldwide, including in India. According to Salesforce, global online sales during the US holiday season reached $33.6 billion, with the US market alone experiencing an 8% increase to $8.1 billion. In India, Amazon hosted its first Black Friday sale, featuring discounts on premium brands in various categories. Other retailers and brands, such as Flipkart and Reliance Digital, also participated in the event, with total sales during India's month-long season reaching nearly $11.9 billion.

US holiday online sales growth to slow on economic uncertainty: Adobe Analytics - The Economic Times

Economic Times

Economic Times · 1m ago

US holiday online sales growth to slow on economic uncertainty: Adobe Analytics - The Economic Times

Adobe Analytics projects a 5.3% increase in U.S. holiday online sales to $253.4 billion from November 1 to December 31, 2023, a slowdown from last year's 8.7% rise, due to economic uncertainties affecting consumer spending. Cyber Monday is anticipated to be the biggest shopping day, with a 6.3% sales increase to $14.2 billion. Mobile shopping is expected to represent 56.1% of total online spending, with significant use of "buy now, pay later" services.

Analysts expect festive online sales to grow 30% after GST relief - The Economic Times

Economic Times

Economic Times · 2m ago

Analysts expect festive online sales to grow 30% after GST relief - The Economic Times

Ecommerce sales in India are expected to grow by up to 40% during the festive season following GST rate cuts on items like footwear and apparel. Amazon's Great Indian Festival and Flipkart's Big Billion Days sale are anticipated to drive significant consumer demand, particularly in electronics and appliances. Analysts foresee a 50-60% increase in electronics sales, while overall online transactions could surpass previous forecasts, reaching a record Rs 1.2 lakh crore, marking a substantial annual growth.

US data center build hits record as AI demand surges, Bank of America Institute says - The Economic Times

Economic Times

Economic Times · 2m ago

US data center build hits record as AI demand surges, Bank of America Institute says - The Economic Times

In June, U.S. data center construction spending reached a record $40 billion annually, driven by the increasing demand for AI and machine learning capabilities. This represents a 30% rise from the previous year after a 50% surge in 2024. Major tech firms like Microsoft, Alphabet, and Amazon are heavily investing in AI infrastructure, boosting demand for computing power. This growth has significantly benefited semiconductor companies like Nvidia, which provide crucial chips for these data centers.

US online holiday sales to slow as shoppers tighten budgets, Salesforce forecasts - The Economic Times

Economic Times

Economic Times · 2m ago

US online holiday sales to slow as shoppers tighten budgets, Salesforce forecasts - The Economic Times

Salesforce forecasts that U.S. online holiday sales will grow by 2.1% to $288 billion, a slower increase than last year's 4%. Rising living costs prompt cautious consumer spending, with reduced use of promotional codes due to higher supply chain expenses. Retailers anticipate Cyber Week discounts to average 29%. Technologies like AI-driven recommendations are expected to influence $51 billion in sales. This outlook aligns with broader cautious economic forecasts as shoppers prioritize essentials.

Alphabet jumps as AI-driven spending fuels cloud revenue surge - The Economic Times

Economic Times

Economic Times · 4m ago

Alphabet jumps as AI-driven spending fuels cloud revenue surge - The Economic Times

Alphabet has raised its 2025 capital spending forecast by $10 billion to $85 billion, driven by increasing demand for cloud services and competition in AI. Its cloud-computing revenue surged 32% in the second quarter, exceeding expectations, due to investments in in-house chips and the Gemini AI model. Despite regulatory challenges and scrutiny over spending, Alphabet shares saw a 3% pre-market rise, highlighting investor confidence in its AI-driven growth potential.

Amazon Prime Day set to lift US online sales to $23.8 billion, Adobe estimates - The Economic Times

Economic Times

Economic Times · 4m ago

Amazon Prime Day set to lift US online sales to $23.8 billion, Adobe estimates - The Economic Times

Online spending during Amazon Prime Day is expected to hit $23.8 billion across U.S. retailers, as projected by Adobe Analytics. This event, lasting from July 8 to 11, marks a 28.4% increase from last year. Retailers previously accrued $14.2 billion during the two-day event last July. Consumers, motivated by discounts, are leveraging AI for deals and prioritizing electronics and back-to-school items. The Buy Now Pay Later usage is also anticipated to rise.

China's Alibaba launches ecommerce subsidies of $7 billion in consumption boost - The Economic Times

Economic Times

Economic Times · 5m ago

China's Alibaba launches ecommerce subsidies of $7 billion in consumption boost - The Economic Times

Alibaba's online retail platform, Taobao, is launching $7 billion in subsidies to boost spending in China, starting Wednesday for a year. The incentives include digital "red envelopes" and product discounts, aimed at stimulating consumer activity amid economic challenges like deflation and a property crisis. Chinese authorities are implementing policy measures, including interest rate cuts, to encourage spending. President Xi Jinping emphasizes creating a unified national market to enhance economic growth.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Sept 2025

Your Health, Simplified with Smart Care

An ecosystem for curated creative partnerships

Your Health our Priority.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Magicpin–Rapido Alliance to Chall ...

Dalmia Cement (Bharat) receives R ...

AI helps drive record $11.8 billi ...

Download the medial app to read full posts, comements and news.