Reuters | Amazon sales up, holiday sales down 5%


NEW YORK Reuters – Online retailer Amazon.com Inc AMZN.O said on Friday it posted its best holiday sales season yet, even as sales and traffic at U.S. store chains were the weakest in decades.

Shares in Amazon rose 1 percent in pre-market trading on Friday. Analysts have pointed to Amazon as a rare bright spot in this years holiday shopping season due to its scale and flexibility, as retailers try to outdo each other with deep discounts to lure consumers during a recession.

Online sales were also helped by winter storms that hit large sections of the United States on the last major shopping weekend before Christmas.

Amazon said more than 6.3 million items were ordered on its site worldwide for the peak shopping day of December 15.

via Amazon claims record holiday orders in 08 season | Reuters .

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About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

Posted on December 26, 2008, in Financial Markets, US and tagged , , , . Bookmark the permalink. Leave a comment.

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