Forum Archive Index - November 2000

["Wedde, John" <john.wedde@cit.ac.nz>]

I know that one fine day does not a summer make but check out this report
from the USA.
All you cynics note the mention of Yahoo. Etail will see its day. Make no
mistake about this!!



The US shopping season gets underway at Thanksgiving.  This data is closely
analysed as it is the 8th largest shopping day of the year.  All indications
are that shopping was brisk and above expectations; sales value up 4.6% on
last year (expectations were for a 4% rise).  However, price incentive were
seen to be required to draw crowds.  It is estimated that 67 million people
headed to shopping malls.

Wal-Mart had its best day ever, sales at Yahoo (for those that could not
stand the crowds) doubled last years. Visa processed 3032 transactions per
second (10,915200 in the hour) in the peak shopping hour of 2pm to 3pm, 13%
higher than last year.

So, the US consumer has not given up yet but is not as aggressive as he/she
was last year when sales were 6.2% higher than the previous year.

This data should support US equity prices, particularly those of retailers
and Etailers.


######################################################################
This e-mail message has been scanned and cleared by MailMarshal 

######################################################################

----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
http://www.netbroker.co.nz/        Trade on Credit, Low Brokerage. Join now.
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.