For Immediate Release
Chicago, IL – November 30, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon.com (AMZN), eBay (EBAY), Target Corp. (TGT), Best Buy Co. (BBY) and Wal-Mart Stores (WMT).
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Here are highlights from Friday’s Analyst Blog:
Online Retail Saving the Day
According to numbers presented by the National Retail Federation, U.S. holiday retail sales from brick-and-mortar outfits will be down 1% this year. On the other hand, comScore (SCOR) expects online retail sales to be up 3% in November and December.
The online retail segment is still a very small portion of the retail market (only 7% of total retail sales according to Forrester Research). However, there is good reason to believe that the segment will continue to grow into a larger share of total retail sales.
While online retail companies, such as Amazon.com (AMZN) and eBay (EBAY) have been around for a while, the number of traditional retailers exploring the area continues to grow. For example, Target Corp. (TGT), Best Buy Co. (BBY) Toys R Us and Wal-Mart Stores (WMT) have started their online stores.
Customers usually opt for online purchasing due to its convenience, or when they need to save time. Additional advantages include reviews by previous buyers, which reduce chances of bad buys and bargains and promotions, which bring down costs. However, most online retailers push the cost advantage the most, which is a pressure on margins.
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