What strong Black Friday retail sales mean for holiday spending
Shoppers walk around Twelve Oaks Mall on November 24, 2023 in Novi, Michigan. Emily Elconin | Getty ImagesRetailers are cheering after shoppers spent big on gifts and decor in the days after they gobbled up turkey and stuffing.But the strong showing does not necessarily mean those companies will have blowout success in their all-important holiday quarter.Online spending shot up by nearly 8% year over year to $38 billion during the five-day period from Thanksgiving Day to Cyber Monday, according to Adobe Analytics. A…