Black Friday: Shoppers Flock to Mall

29 November 2022 02:09

Shoppers in the US returned to familiar holiday shopping patterns, but were weighed down by inflation this Black Friday, after two seasons marked by pandemic worries and supply issues. Due to elevated prices for food, rent, gasoline and other household costs many were reluctant to spend unless there was a big sale.

Shoppers were being more selective, selecting cheaper options dipping more into savings and turning to "Buy Now, Pay Later" services, that allow payment in installments. Some were also running up their credit cards at a time when the federal reserve is hiking rates to cool the US economy.

In Minnesota, shoppers lined up outside a mall before sunrise and flooded the entrance as the doors opened.