from Reuters via Yahoo...
- "We believe Thanksgiving shopping was a bust," analysts at Suntrust Robinson Humphrey said in a research note. "Members of our team who went to the malls first had no problem finding parking or navigating stores."
- In early trading, shares of Target Corp were down 0.2 percent, while Macy's, Best Buy and J.C. Penney all lost more than 1 percent. Wal-Mart was also lower, while Amazon.com Inc traded up slightly.
- Shoppers in the United States spent more than $1 billion online, 22-percent more than last year, between midnight and 5 pm ET on Thursday, according to the Adobe Digital Index, which tracked 100 million visits to 4,500 U.S. retail sites.
- Shoppers are expected to be cautious with their spending again this year. The National Retail Federation is expecting holiday sales to rise 3.7 percent, slower than last year's 4.1 percent growth rate, due to stagnant wages and sluggish job growth.
- Steve Barr, with PricewaterhouseCoopers, said early indications are that in-store sales will be flat, with the big winners being online stores and shoppers.
- Macy's estimates at least 15,000 people were waiting outside its flagship Herald Square store ahead of its 6 p.m. Thanksgiving opening, roughly in line with last year.
- According to data from NPD Group and CivicScience, 57 percent of consumers hadn't even started their holiday shopping as of Sunday.
- [Third-quarter] revenues have risen just 2.3 percent, according to Retail Metrics. "Forward guidance has been very cautious and predominantly negative"
- GameStop, Tiffany, Burlington,DollarTree, Fred's, Signet and Calares...all projected either their fourth-quarter or full-year earnings below consensus forecasts.
- Data from Adobe show that between Nov. 1 and 24, digital sales increased 8.5 percent compared with last year — shy of 11 percent increase that's anticipated for the whole season. That compares with 12 percent growth last November and December.
- As of Thursday evening, Adobe said more than $1 billion had already been spent online, representing growth of 22 percent from last year.
Edited by len_mullen, Nov 27, 2015 - 8:25 am.