Are very bad. The average online transaction for this year vs last year is down 18 percent to 130.50 dollars. This is shaping up to be the worst year ever.
"Early data from Coremetrics, an IBM company, from early afternoon showed that online Thanksgiving Day sales were up about 10 percent over Thanksgiving a year ago. The average order size was down 18 percent from a year ago to $130.50, but that figures was getting bigger as the day went on."
Obvious results. Prices are far down from last year in every category. But sales are up 10% which is huge. So, the transactions have probably gone up by so much more (more sales with lower price points). This is great news for AMZN. $200 anyone??
Do you really think this is good news? I have a bridge in new york I would like to sell you. All kidding aside, this really explain how a company like this can sell at over 70 times earnings, as Greenspan would say " Irrational Exuberance."