Consumer confidence

Holiday shopping could face counterfeit products

Data: Sapio Research poll for Incopro conducted in Oct. 2019, among 1,059 U.S. consumers in all 50 states. Margin of error ±2.2%; Chart: Lazaro Gamio/Axios

Holiday season spending is here, with the frenzy of Black Friday, Cyber Monday,and all the other temptations in full play.

The big picture: This year, Black Friday spending rose an astonishing 20%; even Thanksgiving Day, when most brick-and-mortar stores are closed, was a retail extravaganza, seeing $4.2 billion spent online. But as shopping goes digital, it's easier than ever to find yourself buying fakes — either deliberately or by mistake.

Holiday shoppers are unfazed by recession fears

Reproduced from an Experian chart; Chart: Axios Visuals

More Americans say they are worried about a recession next year and are getting more cautious about their spending habits and debt, but that didn't slow down their holiday shopping.

Driving the news: Data from Adobe Analytics shows Black Friday spending increased by nearly 20% over last year, rising to $7.4 billion, even as fewer retailers offered big in-store discounts. Brick-and-mortar stores saw an overall 6% decline in sales, according to preliminary data from ShopperTrak.