Your Smartphone Just Killed Black Friday

Macy's credit card processors stop working on Black Friday

Macy's Having Problems With Credit-Card Transactions

Meanwhile, Black Friday and Thanksgiving online sales in the United States surged to record highs as shoppers bagged deep discounts and bought more on their mobile devices, heralding a promising start to the key holiday season, according to retail analytics firms. "I am not going to any other store", she said.

Adobe Digital Insights, which monitors roughly 80 percent of online spending at the top 100 retail websites in the country, says consumers spent a record $5 billion online during Black Friday.

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Amazon nabbed almost half of all Black Friday orders - between 45 and 50 percent, a new report from GBH Insights notes - making over a billion dollars within the 24-hour period last Friday. Discount department stores saw a more notable increase at 64 percent - but at 10,435 establishments by 2016, they have been unable to keep pace with online retailers. "However, the entire holiday season continues to see exponential growth with Cyber Monday expected to be the largest USA online shopping day in history", said Taylor Schreiner, Director of Adobe Digital Insights.

What now follows this shopping tradition is Cyber Monday - another round of timely deals offered online.

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In early November, Adobe predicted that total digital sales for the holiday season would hit $107.4 billion, an increase of 13.8%.

Online purchases continue to steal a bigger slice of the holiday shopping pie. Fundivo, a small business loan adviser, found that by 2015, 49 percent of Americans said they have shopped on Cyber Monday. There's going to be a lot of online shopping. I have pointed this out here before, but while people obsess about the online versus bricks and mortar debate, and focus on USA retail outlets there are two companies that will benefit from increased retail activity wherever in the world it is found whether it is physical or virtual. Still, plenty of bargain hunters lined up - swarming into Best Buy stores. Macy's CEO Jeff Gennette told CNBC Friday morning that traffic at the department store chain's flagship Herald Square location already looked to be stronger than previous year. Federal data released Monday shows just how much online retailers have dominated the market over the last decade.

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Prospective gun owners got more reason to move faster with purchases just as gunmakers ramped up their discounts. Donald Trump's pro-gun presidency has contributed to a slowdown in sales this year.

"I don't find anything good anymore at Sears", said Charles, a nurse with four children.

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