- There could be some blowout numbers in store for Cyber Monday in the U.S.
- First Data president Guy Chiarello tells Bloomberg TV that e-commerce traffic was up over 30% Y/Y for the first couple of hours of the shopping event. The strong showing follows the record $5.03B brought in during Black Friday by retailers.
- Amazon (NASDAQ:AMZN) is up 1.05% in premarket trading, while Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) are also both tracking higher. The blazing e-commerce growth isn't wrecking the mall sector, with American Eagle Outfitters (NYSE:AEO), J.C. Penney (NYSE:JCP), Kohl's (NYSE:KSS) and Urban Outfitters (NASDAQ:URBN) all showing gains of 1% to 2%. Shopify (NYSE:SHOP) is up 3% in early action.
- Two retail names to watch today are Best Buy (NYSE:BBY) and GameStop (NYSE:GME) as the first reports on consumer interest in electronics start to pour in.
- Sources: Adobe, Bloomberg
- ETFs: XLY, XRT, VCR, IBUY, RTH, RETL, FDIS, IYK, IYC, FXD, SCC, UCC, RCD, UGE, PMR, SZK, FTXD, CLIX, CNDF, EMTY, JHMC
- Now read: GameStop: Failing Toward Success
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