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Comscore reports that online retail sales rose 26% from November 1 to December 31, and hit $24.6 billion. Did that hurt same-store sales for big walk-in stores?
Perhaps. With retail sales at places like The Gap, Wal-Mart, and Best Buy being below Wall St. targets it is tempting to posit that the hefty increase in online sales tool some of that business away.
The positive side of the news is that websites like walmart.com and target.com are among the most vistied web destinations on the web. And, that could help make up for some of the disappointment on the same-store front.
With e-commerce up so much, it might be nice to be Amazon as well.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.
