Thursday, December 5, 2013

Cyber Monday shopping sets a new record « Hot Air

Cyber Monday shopping sets a new record « Hot Air: "While that is an impressive number, it does not make up for the 2.9% decline in total sales, both in brick-and-mortar stores and online, during the four-day Thanksgiving weekend. The 18% increase in Cyber Monday sales is only $0.26 billion, while the 2.9% decline in the Thanksgiving weekend sales was $1.7 billion. That leaves the early holiday sales for 2013 $1.4 billion behind 2012′s pace.

That leads me to the incredible increase in inventories that represents nearly half of the third-quarter GDP growth. An increase in inventories is only a net positive if it can be sold at a profit. Judging by the early holiday shopping results, it does not appear that is going to happen."

'via Blog this'

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