Word: weres
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Dates: during 2000-2009
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Analysts cannot get a complete picture of Black Friday's success until companies report fourth-quarter earnings early next year. But they closely monitored retailers on Black Friday weekend for shopper traffic and sales action. "The crowds were more significant than last year and they were moving products faster than...
Walmart and Amazon were the wild cards, though, as both challenged electronics retailers on price every step of the way, allowing them to gain market share in the electronics sector. Walmart was especially competitive. "Walmart's [average] prices were 3.5% below Amazon, 4.2% below Target and down double digits compared...
Teen-oriented and casual-wear retailers, which had a slow start in November, were among the busiest over the Black Friday weekend. Companies such as Aeropostale, American Eagle Outfitters and Old Navy were big winners, wrote Credit Suisse analyst Lejuez in a research note. Traffic to Victoria's Secret and...
Amazon scored a huge win from both the surge in cybershoppers and a spike in the number of shoppers cross-checking online prices before purchasing at a bricks-and-mortar store. (Read "Black Friday Sales Were Encouraging, Retailers Say.")
An anomaly in all of this was luxury-jewelry retailer Tiffany, whose traffic was up year-over-year, although many of its sales were on lower-end silver items, says Joseph Feldman, managing director and retail analyst at Telsey Advisory Group.