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renegadebusdallas.com December 12, 2017


Retail stocks climb higher on the heels of Black Friday

28 November 2017, 01:04 | Lionel James

Retail stocks climb higher on the heels of Black Friday

Retail stocks climb higher on the heels of Black Friday

Digital sales reached a record $5.03 billion, among the top sellers were Roku and the Nintendo Switch.

Cyber Monday is now expected to mark the biggest online shopping day in US history, according to Adobe Insights, which measures 80 percent of digital transactions from 100 major retailers. Based on these factors, the National Retail Federation expects holiday sales to increase at least 3.6% over the previous year, which would match last year's increase.

The 2017 holiday season is projected to be the biggest e-commerce season ever, and with many retailers counting on the holidays to redeem their lackluster performances so far this year, these early figures are a good sign for those that have invested heavily in online channels. Adobe says online sales at the 100 largest U.S. Web retailers totaled approximately $7.9 billion on Black Friday and Thanksgiving, marking a almost 18 percent increase from 2016.

Hafiz Saeed is not a terrorist, says Kulbhushan Jadhav
Furthermore, the government of Pakistan has chose to arrange a meeting of Commander Kulbhushan Jadhav with his wife in Pakistan. The demand that an Indian diplomat be allowed as an escort is different from the request for consular access.

According to Ipsos Retail Performance, UK footfall on Black Friday was up 0.95 per cent year-on-year, with 42 per cent of retailers experiencing footfall growth. Some $640 million was spent as of 10 a.m. Friday - that's an 18.4 percent increase from previous year, according to Adobe Analytics.

ShopperTrak senior executive Brian Field released a statement on the debate over the decline in in-store retail shopping. Big retailers like, Amazon, Walmart and Target are expected to offer more deals than ever before.

Although the numbers hit a record high in the USA, they were still no match for the US$25.4 billion total online sales recorded during the 24-hour Singles' Day sales on Nov 11 - Alibaba's largest shopping festival.



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