Forum Archive Index - November 2000

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

Good question Hugh. Don't know the answer. It would be interesting to find
out how local etailers do over the xmas period.
Cheers,
John


                -----Original Message-----
                From:   hugh webber [mailto:hugh.webber@clear.net.nz]
                Sent:   Tuesday, 28 November 2000 21:43
                To:     sharechat@sharechat.co.nz
                Subject:        Re: [sharechat] FW: US Thanksgiving sales
were hot

                how did sales at Amazon.com go?

                ----------
                > From: Wedde, John <john.wedde@cit.ac.nz>
                > To: 'Sharechat@sharechat.co.nz'
                > Subject: [sharechat] FW: US Thanksgiving sales were hot
                > Date: Monday, 27 November 2000 10:49
                > 
                > 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.
                > 
                > 
                >
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