This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Holidays Off to Strong Start for Online Retailers (Update 1)

Tech giant Apple (AAPL - Get Report) got in on the Black Friday excitement last week, offering deals on 19 products and accessories.

As part of the promotion, pricing for Apple's iPad with Retina Display started at $458, down from $499. Pricing for the iPad 2 started at $368, down from $399, while pricing for the fourth-generation iPod Touch started at $178, down from $199.

Research released late on Friday by IBM also highlighted the rise of mobile shopping this year. On Black Friday, 27.8% of consumers used a mobile device to visit a retailer's site, up from 17% in 2011, according to IBM, with 14.2% of consumers making a purchase via mobile, compared to 9.5% in 2011.

The statistics from IBM's Digital Analytics Benchmark also found that shoppers using Apple's iPad were more likely to make purchases than shoppers using other mobile devices. Shoppers referred from social networks such as Facebook (FB) and Twitter generated 0.18% of all online sales on Black Friday, according to the research.

Amazon shares were up 1.68% to $243.9 during Monday afternoon trading, while eBay gained 5.1% to reach $51.51. Target fell 2.67% to $62.76, with Wal-Mart slipping 0.43% to $69.90.

-- Written by James Rogers in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $125.80 -2.25%
AMZN $421.19 -0.44%
EBAY $57.94 -1.99%
IBM $173.08 -0.51%
TGT $78.97 -1.51%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs