Retail Stocks Sink on Black Friday Concerns (JCP) (SHLD) (BBY)
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Retail stocks J. C. Penney Company, Inc. (NYSE: JCP), Best Buy Co., Inc. (NYSE: BBY), Sears (Nasdaq: SHLD), and others traded lower on Wednesday as investors fretted about holiday sales. A survey by Nielson said 85% of U.S. consumer don't plan to shop on Black Friday.
Neilsen cites a survey of 22 thousand U.S. households, with disinterest higher by 82% compared to last year. 46% of shoppers plan to buy online on Cyber Monday, up from 30% last year. 51% of consumers who plan to shop on Black Friday will also shop online that day.
Neilsen cites a survey of 22 thousand U.S. households, with disinterest higher by 82% compared to last year. 46% of shoppers plan to buy online on Cyber Monday, up from 30% last year. 51% of consumers who plan to shop on Black Friday will also shop online that day.
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