December 6, 2024 – 8:38 AM PST
NEW YORK (Reuters) – Walmart Inc (WMT.N), Amazon.com (AMZN.O) and fast-growing e-commerce sites Shein and PDD Holding’s (PDD.O) Temu saw record-breaking sales on Black Friday and Cyber Monday, according to spending data, suggesting that they may finish the holiday season on a much stronger note than Target (TGT.N) and Best Buy (BBY.N), which struggled.
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Holiday shoppers largely browsed at brick-and-mortar stores, making more online purchases at some retailers, snapping up such items as pre-owned Rolex watches, Pokemon cards and singer Sabrina Carpenter’s perfumes at Walmart, and Fire TV streaming devices and Shark vacuums at…
