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Friday, Dec 7
2012, 10:05 AM
Retail analysts begin to have a nagging suspicion that online sales could be even higher than...
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.