black friday shopping spending.

Shoppers browse through stores at Mall of America for Black Friday deals, Friday, Nov. 28, 2025, in Bloomington, Minn. (AP Photo/Adam Bettcher)

Shoppers spend billions on Black Friday to snag holiday deals, despite wider economic uncertainty

Despite wider economic uncertainty hovering above this year’s holiday season, shoppers turned out in big numbers for Black Friday — spending billions of dollars both in stores and online. Adobe Analytics, which tracks e-commerce, said U.S. consumers spent a record $11.8 billion online Friday, marking a 9.1% jump from last year. Consumers also spent a record $6.4 billion online on Thanksgiving Day, per Adobe. In-store traffic has continued to dwindle. Initial data from RetailNext, which measures real-time foot traffic in physical stores, found that in-store Black Friday traffic fell 3.6% from 2024 — but that’s notably better than a decline of 6.2% seen in the days leading up to Thanksgiving.

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