Retailers’ deep discounts yield modest growth on Black Friday

Bumpy ride: A person waits to cross 5th Avenue with shopping bags in New York City. — Reuters

NEW YORK: US retailers eked out modest growth over Black Friday weekend with deep discounts that lured shoppers seeking a reprieve from stubborn inflation.

In-store traffic ticked up 2.9% at brick-and-mortar retailers versus 2021, according to preliminary data compiled by Sensormatic Solutions.