Consumer News: The Best Cyber Monday Deals

By Anthony Shields  NOV 26, 2012 10:25 AM

Plus, the Wal-Mart protests haven't hurt its bottom line.


This column highlights the most interesting and useful business and financial commentary on consumer companies from around the Web.

Link: Best Cyber Monday 2012 Tech Deals: Wal-Mart, Amazon, Gamestop, Target, and Best Buy (Video)
“Sunday, Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Amazon (NASDAQ:AMZN), and Best Buy (NYSE:BBY) emailed customers about their exciting Cyber Monday sales and adding products to their sale list; Black Friday weekend is the biggest shopping weekend of the year and Cyber the online version of Black Friday. Sunday, Amazon, Wal-Mart, and Target started their Cyber Monday deals and are calling them Cyber Week deals.
“Wal-Mart has hundreds of items on sale for Cyber Week including: a 32” JVC TV for $199, an iPod Touch bundle kit from $179, Power Wheels Barbie Jeep from $88, and more. For more information on Wal-Mart’s Cyber Week sales, click here.”
Link: US Holiday Shoppers Buy Early, Often, Online
“US shoppers went to stores earlier this Thanksgiving weekend and bought online more than in years past, giving retailers a strong start to the holiday shopping season, data showed on Sunday.
“The more successful retailers, analysts said, were companies such as Wal-Mart Stores Inc and Macy's Inc (NYSE:M), which did better at combining physical stores with their online and mobile channels into a seamless shopping experience.”
Tech Crunch
Link: Pushing Fire Sales Outside the US, Amazon Says UK Black Friday Kindle Device Sales Tripled Previous Record, Stays Mum on Hard Numbers
“Black Friday is not just for Thanksgiving-celebrating Americans. Amazon today announced that in the UK, where it has also been running Black Friday sales, it sold a record number of Kindle devices — triple the previous record amount. As usual with Amazon, it is not giving a hard figure on how many actual units this means, or how many e-readers it sold compared to Fire tablets.
“But it looks like at least some of the focus of activity here — at least as Amazon would like it to be seen — is on its Kindle Fire tablet.”
Tucson Citizen
Link: Scattered Wal-Mart Protests Don’t Dent Bottom Line
“Scattered walk-outs and protests by Wal-Mart workers and their supporters in at least nine states may have scored symbolic points Friday by taking on the retail giant head-on, but apparently they did little to keep shoppers away as the company quickly claimed its best Black Friday ever.
“The company said in a statement Friday morning that its stores rang up almost 10 million transactions from the time doors opened for Black Friday shoppers at 8 p.m. Thursday until midnight, or about 5,000 items per second.”
Link: Janney Commented on Black Friday and Holiday Sales on Apparel and Footwear Companies
“On Monday analysts at Janney reported on Black Friday traffic and sales which could lead to positive Holiday sales expectations for companies like Foot Locker Inc. (NYSE:FL), Finish Line Inc. (NASDAQ:FINL), and Dicks Sporting Goods Inc. (NYSE:DKS).
“Overall, analyst Eric Tracy said that traffic on Black Friday was lighter than in years past, but this could be due to a migration to online shopping as well as extending hours at various malls and retail stores.”
No positions in stocks mentioned.