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Wednesday, Dec 19
2012, 6:16 PM
Following a "prolonged post-Cyber Monday lull," U.S. holiday season e-commerce sales are only up...
Following a "prolonged post-Cyber Monday lull," U.S. holiday season e-commerce sales are only up 13% Y/Y, says comScore - that's below a prior forecast of 17%, in spite of 28% Black Friday growth. Recent ChannelAdvisor data also points to a slowdown for Amazon (AMZN), eBay (EBAY), and others. The numbers come as RBC lifts its PT on Amazon to $300 on a belief (similar to Bernstein's) the company's fulfillment spending binge is ending, and that 2013 free cash flow could amount to $13.44/share. (previous)