ETFs Poised to Gain From Black Friday's $11.8B Online E-Commerce Sales
Retail and e-commerce companies experienced a significant boost this Black Friday, solidifying the trend of consumer preference for online shopping. According to Adobe Analytics, U.S. consumers set a new record with $11.8 billion in online e-commerce spending, up 9.1% year over year (as cited in a Forbes report). This phenomenal sales figure should translate into meaningful profit potential for popular e-commerce platforms like Shopify (SHOP) , Amazon (AMZN) , and eBay (EBAY) . This surge in volume, especia ...