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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.
Comments (1)
  • GeorgeMason
    , contributor
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    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
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