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Retail wars continue on Cyber Monday

Nov. 27, 2016 7:11 PM ETWalmart Inc. (WMT) StockBy: Clark Schultz, SA News Editor5 Comments
  • ShopperTrak reports a 1% drop in store visits during the two-day period covering Thanksgiving and Black Friday.
  • The slight dip in traffic was largely anticipated as e-commerce growth continues to soar. Online sales for the Black Friday to Thanksgiving time frame were up 17.7% to $5.27B, according to an estimate from Adobe.
  • The Super Bowl of online shopping starts at midnight. The National Retail Federation expects 122M Americans to shop online tomorrow on Cyber Monday vs. 121M last year.
  • Early analysis indicates that Wal-Mart (NYSE:WMT) through its Jet.com add-on and Target (TGT) via hard-hitting promotions are significant players in keeping up with Amazon online this holiday season.
  • Previously: Black Friday wrap: Records fall, retail winners and losers (Nov. 25)
  • Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, CNDF, FTXD, JHMC.

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