Cyber Monday sales look hot; but will tariffs hurt it in 2025?
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he initial numbers are in, and the holiday shopping season has started well – in most cases. Adobe Analytics data shows Black Friday online sales rose 10% year over year to $10.8 billion as shoppers feasted on deals. Mastercard SpendingPulse data pegged Black Friday sales rising 14.6% online for Black Friday, while only rising 0.7% in stores. Top selling categories included apparel and footwear. Meanwhile, RetailNext data noted in store customer traffic nationwide fell on Black Friday and the holiday weekend. In this special Opening Bid roundtable, Yahoo Finance executive editor Brian Sozzi drills into all things consumer on Cyber Monday. At the table on this Cyber Monday include: Barclays analyst Adrienne Yih, BMO Capital Markets analyst Simeon Siegel, and Mastercard Economics Institute chief economist Michelle Meyer. The group not only looks at who in retail is winning the holiday season shopping battle, but who stands to win and lose in 2025 and why.
Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.
Find this episode's transcripts and more episodes of Opening Bid at http://finance.yahoo.com/videos/series/opening-bid/.
Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.
00:00-Cyber Monday panel on Opening Bid
02:30-Ecommerce at a high
08:00-How income affects consumer spending habits
12:15-Trump tariffs impact on retail
19:30-Experts think Nike will rebound in 2025
Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.
For today's Cyber Monday panel we were joined by Mastercard Economics Institute Chief Economist Michelle Meyer, BMO Capital Markets Managing Director & Senior Analyst Simeon Siegel, and Barclays Consumer Discretionary Senior Analyst Adrienne Yih.
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