Cyber Monday online sales expected to break $11.2 billion
Yahoo Finance Live's Dave Briggs examines the revenue forecast figures for Black Friday and Cyber Monday sales, along with the performance of retail stocks.
Video transcript
[AUDIO LOGO]
- Now, you're taking a close look at retail stocks as well.
DAVE BRIGGS: Yeah, two really big stories today. We'll get to China in a moment, but let's get you up to speed first on Cyber Monday and the retail numbers are coming in. Online sales expected to hit $11.2 billion. Today, that's up from $10.7 billion last year, according to Adobe. And that comes on the heels of a record breaking Black Friday, which topped the $9 billion mark, up 2.3% from a year ago. One surprise from those numbers-- well, there's many surprises, just going to highlight one. Walmart eclipsing Amazon among shoppers searching online for Black Friday deals. Let's check on how the shopapalooza is moving the markets today. Stocks from Amazon up, Walmart in the green, Target up, Kohl's the notable, down retail stock among the 5, and Best Buy up a bit. So a nice day for the retail sector.
