Consumers Spend $5.1B Online on Thanksgiving Day says Adobe’s Copeland

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  • Bloomberg Markets and Finance published this video item, entitled “Consumers Spend $5.1B Online on Thanksgiving Day says Adobe’s Copeland” – below is their description.

    Nov.27 — Adobe Vice President of Marketing and Customer Insights John Copeland discusses Thanksgiving Day spending hitting a new record of $5.1 billion, an increase of 21.5% from the year before. He speaks on “Bloomberg Markets: The Close.”

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    In This Story: Thanksgiving

    Thanksgiving is best known as a holiday celebrated in the United States on the fourth Thursday of November every year, usually through feasting, parades and travel to see family and friends, though celebrations have been scaled back during the 2020 coronavirus pandemic.

    The roots of the modern celebration lie in settlers celebrating their arrival in the Americas in the early 1600’s. It has been a public holiday since 1941 due to federal legislation, an annual tradition in the United States by presidential proclamation since 1863 and by state legislation since the Founding Fathers of the United States.

    Traditionally, Thanksgiving has been a celebration of the blessings of the year, including the harvest. What Americans call the “Holiday Season” generally begins with Thanksgiving. The first day after Thanksgiving Day—Black Friday—marks the start of the Christmas shopping season.

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