Amazon Could Reach $100 Billion Revenue in 2014
There were 20 U.S. companies with $100 billion of sales or more in 2012. Amazon.com will join that short and elite list next year.
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Newest first · Page 248A First Look at Holiday Shopping Trends
An early report on overall holiday sales -- online and in stores -- indicates that while sales rose, the rise was somewhat smaller than expected. The jump in online sales is the big news,…
After-Christmas Sales Could Badly Damage Retailers
courtesy Best Buy Co. Inc.Whatever many retailers made in profits over the holiday season might wash away with after-Christmas sales. USA Today has made the point that discounts seem greater than usual. The newspaper’s…
Retail Sales Outlook Not So Festive
Research firm Retail Metrics released its preliminary estimates for December same-store sales Tuesday morning, along with its fourth-quarter outlook for same-store sales growth. Neither is headed toward the levels expected a month or six…
Holiday Retail: A Boom for Electronics and Apps Sales, a Likely Bust for Apparel
The signs have been pointing to a good holiday sales season for electronic gear like smartphones and tablets. But for many for the brick-and-mortar retailers, like Old Navy and Abercrombie & Fitch, the news…
Did Short Covering Boost J.C. Penney Stock Monday?
ThinkstockAt the end of November, some 29% of J.C. Penney Co. Inc. (NYSE: JCP) was held by short sellers. A total of 87.7 million shares were short for a stock that trades more than…
Retail Stocks to Buy (or Not) in 2014
ThinkstockBuying a retail stock is often a pretty risky venture and it won’t get any less risky in 2014. The stocks can bounce around a lot, especially for those stores that report monthly same-store…
Big Retail Pushes “Free Shipping” as Holiday Shopping Ends
As retailers face having only days to improve their sales results, they have turned to a part of their playbook that did not even exist a few years ago -- free shipping.
Online Spending Keeps Up Torrid Pace
ThinkstockIt seems like we get new data every day reinforcing the message that online shopping (and spending) is better than ever this year. While we don’t know yet if this is poaching sales from…
Walmart Looks to Private Brands, Sam’s Club to Bolster Its Foothold in China
ThinkstockWhile Wal-Mart Stores Inc. (NYSE: WMT) already has plans to open two additional Sam’s Club outlets in China in the coming year, its China chief, Greg Foran, said he hopes to increase that rate…
Is The Best Buy Stock Run Over?
courtesy Best Buy Co. Inc.The shares of Best Buy Co. Inc. (NYSE: BBY) are up almost 250% this year. The company’s management has staged a turnaround, at least partially. But the progress is not great…
J.C. Penney Stock Off to a Bad Start on Tuesday
courtesy J.C. Penney Co. Inc.At one point Tuesday morning, shares of J.C. Penney Co. Inc. (NYSE: JCP) had dropped nearly 4.5% before bouncing back. There have been so many problems at the retailer that…
Could Google Be This Year’s Holiday Retail Winner?
ThinkstockUPDATE, December 17, 2013, 1:10 p.m. — As we noted in our story on online sales earlier Tuesday morning, Google’s Product Listing Ads and Google Shopping have shown the largest percentage growth of any online…
Toys”R”Us to Open for 87 Hours, But Amazon Holds The Lead
ThinkstockUpdate: 10:13 12/17/2013. Apparently, Amazon holds a large lead in the race to sell toys to Christmas shoppers. According to Bloomberg: Gift givers searching online for a kid’s must-have toy this holiday season are…
Will eBay’s First Dividend Come in 2014?
courtesy of ebayWhile the S&P 500 index has gained nearly 25% in the past 12 months, online auction and retail site eBay Inc. (NASDAQ: EBAY) shares have gained a mere 0.5%. Over 24 months,…