Shoppers turned out in force in physical stores and shopping centers on Black Friday, helped by cool dry weather in most parts of the country and heavy discounting.
The first 20 days of the holiday season show stronger-than-expected e-commerce activity, and Cyber Monday is poised to be the biggest online shopping day ever.
Best Buy reported better-than-expected profits on slightly softer-than-expected revenue for its third quarter as consumers continue to rein in spending on certain items.
Abercrombie & Fitch Co. continued its momentum with better-than-expected third-quarter top- and bottom-line results amid a strong back-to-school season and growth across its main brands.