U.S. retail sales expected to grow 15% on Black Friday: Mastercard
Yahoo Finance Live’s Brian Sozzi breaks down the stat of the day.
Video Transcript
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BRIAN SOZZI: All right. Let's hit that Saturday music. Black Friday is upon us and data out of Mastercard SpendingPulse polls expects huge gains on the key shopping day. US retail sales excluding automotive are expected to grow 15% on Black Friday compared to last year. Some of the hottest areas people will be shopping include travel at restaurants. Mastercard's data shows restaurant sales are seen up 35% year-over-year alone on Black Friday.
