Market Chatter: Amazon, Walmart Lead Holiday Sales Surge; Target, Best Buy Trail

MT Newswires Live12-07

Amazon.com (AMZN) and Walmart (WMT) reported strong sales growth during Black Friday and Cyber Monday, driven by discounts on popular items such as Fire TV devices and perfumes, Reuters reported Friday, citing spending data.

E-commerce sites Shein and PDD Holding-owned (PDD) Temu posted double-digit percentage growth, while Target (TGT) and Best Buy (BBY) faced declines in spending, the report said.

US shoppers spent $10.8 billion on Black Friday, up 10% from last year, and $13.3 billion on Cyber Monday, a 7.3% increase, Reuters reported, citing Adobe.

The companies didn't immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 225.77, Change: +5.21, Percent Change: +2.36

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