elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Tue Nov 23, 2010 12:31 pm Post subject: Amazon is poised for record Christmas sales |
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It’s only the beginning of Thanksgiving week, but it’s already shaping up to be another record holiday sales season for Amazon.com Inc., say analysts and others that follow the world’s biggest online retailer.
In its third quarter earnings release, Amazon, No. 1 in the Internet Retailer Top 500 Guide, forecast its total fourth quarter sales could range from $12 billion to $13.3 billion—an increase of 26% to 40% over Amazon’s fourth quarter sales of $9.5 billion in 2009. But based on the retailer’s advanced technology, wide merchandise selection and low prices, some analysts already believe that Amazon will end the fourth quarter with sales of about $13.3 billion, at the top end of Amazon’s own forecast.
“They are poised to have a great fourth quarter because with the full acquisition of Zappos.com now fully accounted for they have an even wider selection of merchandise, especially in apparel, than they did one year ago,” says Colin Sebastian, an analyst for Lazard Capital Markets, which follows Amazon. “They remain the e-commerce site everyone else will try to beat this holiday season and probably won’t.” Amazon acquired online shoe and apparel retailer Zappos last year.
more.. link to news article |
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