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Coolfer -
13 hours and 55 minutes ago
pBlack Friday sales up 3% to $10.6 billion, the smallest gain in three years. ShopperTrak estimates
9.9% fewer shoppers this holiday season. The International Council of Shopping Centers expects a 1%
sales increase at U.S. stores for the November-December period. A Gallup Inc. poll says U.S.
consumers may spend 29% less on gifts this year. (a
href="http://www.bloomberg.com/apps/news?pid=20601087sid=aBvgyrY3aNPgrefer=home"Bloomberg/a)/p
pNumbers for Cyber Monday (online shopping on the first Monday after Thanksgiving) aren't yet
available, but current estimates are that Internet sales will be even with last year. (a
href="http://www.mercurynews.com/ci_11115641"San Jose Mercury News/a) Nielsen Online said web site
visits on Friday were up 10% and eBay was the top destination (Amazon.com was second). Paypal said
its number of transactions increased 26% over last year. (a
href="http://www3.signonsandiego.com/stories/2008/dec/02/120208-online-retailers-report/?zIndex=18135"San
Diego Union Tribune/a)/p pMusic retailers reported weak sales on Black Friday. First-week estimates
for big new releases by artists such as Kanye West and Guns N' Roses have been pared down. Big box
retailers were down as much as 40% while indie chain Newbury Comics said comp store music sales
were down 21% for the last two weeks of November. (a
href="http://www.billboard.biz/bbbiz/content_display/industry/e3i632e90144f07ffd6a7649226b4aec061"Billboard.biz/a)/p
p(If CD sales were down 25 to 30% on Black Friday, that would be par for the course. Weekly album
sales are regularly down 20% year over year since September. Take out a 20 to 30% increase in
digital album sales and you're looking at a deficit around 25% or more. The a
href="http://www.ajc.com/services/content/printedition/2008/11/29/delayedalbums.html"weak release
schedule/a can't be helping.)/p pIn a note to investors, Pali Research analysts downplayed strong
sales after Thanksgiving. "We do not believe that a strong opening weekend in retail means a strong
holiday season for retail. .. In the end, it is hard to predict an entire holiday season based on
one weekend of data points and some store checks. However, the data and stores we have seen do not
change our thesis that 2008 will be a rough holiday season for (Best Buy). We would continue to
avoid the stock, even at historically cheap levels" (a
href="http://blogs.reuters.com/shop-talk/2008/12/01/check-out-line-strong-sales-may-equal-weak-profits/"Reuters/a)/p
pTNS Retail Forward estimates online retail sales will be up 9% this year (a
href="http://www.usatoday.com/money/industries/retail/2008-11-30-holiday-shopping-bargains_N.htm"USA
Today/a)./phr/[music jobs] a href="http://coolfer.jobamatic.com/a/jbb/job-details/43602"The Beggars
Group Matador Records is seeking a Paralegal/adiv class="feedflare" a
href="http://feeds.feedburner.com/~f/coolfer?a=qIX6o"img
src="http://feeds.feedburner.com/~f/coolfer?i=qIX6o" border="0"/img/a a
href="http://feeds.feedburner.com/~f/coolfer?a=5NkkO"img
src="http://feeds.feedburner.com/~f/coolfer?i=5NkkO" border="0"/img/a a
href="http://feeds.feedburner.com/~f/coolfer?a=prJAO"img
src="http://feeds.feedburner.com/~f/coolfer?i=prJAO" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/coolfer/~4/472661921" height="1" width="1"/

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IBTimes.com RSS Feed - Technology -
15 hours and 56 minutes ago
Among the premarket stories for Tuesday, Dec. 2, from AP Financial News: NEW YORK (AP)--Shares of
cell phone maker Palm Inc. dived in premarket trading Tuesday after the company warned that sales
in the current quarter would be just above half of what Wall Street was expecting.div
class="feedflare" a href="http://feeds.feedburner.com/~f/ibtimes/tech?a=mx6ZO"img
src="http://feeds.feedburner.com/~f/ibtimes/tech?i=mx6ZO" border="0"/img/a a
href="http://feeds.feedburner.com/~f/ibtimes/tech?a=yB0to"img
src="http://feeds.feedburner.com/~f/ibtimes/tech?i=yB0to" border="0"/img/a a
href="http://feeds.feedburner.com/~f/ibtimes/tech?a=HS9yo"img
src="http://feeds.feedburner.com/~f/ibtimes/tech?i=HS9yo" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/ibtimes/tech/~4/472535208" height="1" width="1"/
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Silicon Alley Insider -
18 hours and 31 minutes ago
pimg class="float_right" src="/~~/f?id=493402db796c7ab500f4f939maxX=400maxY=230" border="0"
alt="CyberMonday.gif" title="CyberMonday.gif" width="400" height="230" /Online retail sales from
yesterday, the first Monday after Thanksgiving, increased by about 2.4% over last year, 100 retail
CMOs reported in a survey./p p"Some online retailers said consumers were buying less expensive
gifts on Monday than in previous years," a
href="http://online.wsj.com/article/SB122817819658170827.html"reports the emWall Street
Journal/em/a./p pSpending on "Cyber Monday" last year totaled $730 million, growing 21% over the
year before./p pMetrics firm Cyber Monday says sales are the most accurate barometer for how online
sales will fare during the holiday season./p pSo you'll be interested in theem /ema
href="http://online.wsj.com/article/SB122817819658170827.html"emWall Street Journa/eml's other
early findings/a:/p ul liIAC's Shoebuy.com and Buy.com claim traffic growth and sales growth over
last year./li liBuy.com claimed double-digit increases in both. "They [holiday sales] are working
out better than expected," CEO Neel Grover told the WSJ./li liJCrew, Gap and Staples all saw their
sites slow down or go down under heavy consumer traffic./li /ul pstrongSee Also:/strong a
href="../../2008/12/microsoft-brags-xbox-beat-the-ps3-3-to-1-in-black-friday-sales-pretends-the-wii-doesn-t-exist-msft-"br
/Microsoft Brags Xbox Beat The PS3 3-to-1 In Black Friday Sales, Pretends The Wii Doesn't Exist
(MSFT)/a/p pa href="http://feedads.googleadservices.com/~at/NLilY3LcvF5DdeORKCnJ3ipsczo/a"img
src="http://feedads.googleadservices.com/~at/NLilY3LcvF5DdeORKCnJ3ipsczo/i" border="0"
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Reuters: Top News -
1 days ago
CHICAGO (Reuters) - Bargain-hunting holiday shoppers did not save U.S. retail sales in November,
which will likely represent a second straight month of declines for the industry.div
class="feedflare" a href="http://feeds.reuters.com/~f/reuters/topNews?a=AOtbwGvI"img
src="http://feedproxy.google.com/~f/reuters/topNews?d=41" border="0"/img/a a
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src="http://feedproxy.google.com/~f/reuters/topNews?i=op8Zlf6c" border="0"/img/a /divimg
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Daily Show Videos -
1 days and 7 hours ago
This year's Black Friday showed a three percent increase in retail sales and a death toll of three.
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YouTube :: Recently Added Videos -
1 days and 9 hours ago
Download the attachment
Australia is expected to slash interest rates by at least 75 basis points on Tuesday to ward off
a looming recession and support growth. The cut to 4.5 percent would put rates at the lowest
level since June 2002, while Europe is also expected to ease this week. China's purchasing
manager's index showed a steep drop in manufacturing due to a sharp decline in export orders.
Despite the economic gloom, some Asian stock markets edged higher, fuelled by investor hopes
about central bank efforts to revive economic growth. Property shares the biggest winners in Hong
Kong and China where investors snapped up local developers such as Sino Land, on hopes of better
sales. Despite a promising start to the US holiday retail season, analysts say they expect 2008
to end on a down note with retail sales the slowest in years. South Korean mobile phone makers
Samsung and LG Electronics are already feeling the pinch, with both companies cutting 2009 sale
targets as the global downturn spreads.
Author: NTDTV Keywords: ntd market report asia cenbank australia china
export stock
economic Added: December 1, 2008

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