Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Retail analysts begin to have a nagging suspicion that online sales could be even higher than...

  • Friday, December 7, 2012, 10:05 AM ET
    Retail analysts begin to have a nagging suspicion that online sales could be even higher than forecast this year after store and mall traffic was a bit of a disappointment over the Black Friday weekend. Increased consumer usage of smartphones and tablets is contributing as is the sudden surge in gifting of digital content this year. If the trend continues online winners could include Amazon (AMZN), Macy's (M), Williams-Sonoma (WSM), and Lululemon (LULU) - while retailers skewed toward brick-and-mortar selling such as Best Buy (BBY), RadioShack (RSH), and J.C. Penney (JCP) could suffer more than expected.
Track new comments on this story

This news story has 1 comment:

  •  
    There have been a multitude of online complaints about JCP Thanksgiving & Black Friday orders not going through/being confirmed and others that orders were cancelled days/weeks later disappointing the shopper. This may cause 4th Q to be even worse than the 3rdQ -37% for online sales.
    7 Dec 2012, 12:23 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Consumer Articles
More Latest Articles »