Did you buy anything today that you would not have bought 'but for' a special price in a 'Cyber Monday' sale?
Nobody in my family bought anything on Cyber Monday.
We're probably not going to buy anything tomorrow. But we'll probably be paying out $2,500 in attorney fee's tomorrow, and $1,250 for rent on Wednesday.
And I'll probably have to pay out some amount of money in the next day or two to get my '94 Camaro smog checked and re-registered.
The retailers can probably count me out as a revenue stream for the Christmas season.
from: The Declaration of Independence: "all Men are...endowed by their Creator with certain unalienable Rights... to secure these Rights, Governments are instituted... whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or abolish it"
Online Xmas season buying is still very small compared to all other Xmas season buying.
Online Xmas buying maybe below 10% per various pieces I read.
So, the gains shown below are not yet significant to the overall consumer portion of the economy nor even to retailing as an industry. Yet, I constantly see 'news' pieces where cell phone apps to check and compare prices and immediate availability in stores are used by over 50% of Xmas consumers with smart phones.
U.S. Online Sales on Cyber Monday Climbed 19%, Coremetrics Says
Nov 30, 2010
Online sales in the U.S. rose 19 percent yesterday, coming in as the biggest Internet shopping day of the year so far as Web retailers gain ground on traditional stores, according to research firm Coremetrics.
The average order climbed 8.3 percent to $194.89, San Mateo, California-based Coremetrics said today in a statement. Sales of luxury goods rose 24 percent. Coremetrics, owned by International Business Machines Corp., is an analytics company that tracks online consumer spending and shopping behavior.
Cyber Monday -- the day consumers return to work after the weekend following Thanksgiving and continue to shop online -- is an indicator of how the rest of the holiday season is shaping up.
“Consumers this year appear much more willing to open their wallets and are turning to online stores for the convenience,” said John Squire, chief strategy officer of Coremetrics. “Retailers have done an exceptional job across the board of appealing to consumers with highly personalized promotions and a slew of free shipping promotions.”
Online retailers, led by Amazon.com Inc., will account for 7 percent of total retail sales in the U.S. this year, up from 6 percent last year, according to Forrester Research Inc.
The National Retail Federation coined the term Cyber Monday in 2005 to generate buzz around the first working day after Black Friday, which is the day after Thanksgiving and the traditional start to holiday shopping.
Amazon posted hundreds of Cyber Monday deals on its site, including one for a 47-inch (119-centimeter) television from Vizio Inc. for $599. The set regularly sells for $998.
Holiday sales over the Internet on Nov. 26, this year’s Black Friday, tallied $648 million, a 9 percent increase from the corresponding day a year earlier, according to researcher ComScore, based in Reston, Virginia.
“So far e-commerce trends for the 2010 holiday season are encouraging,” said Sandeep Aggarwal, an analyst at Caris & Co. in San Francisco.
Even so, it’s still too early to declare the season a success, Imran Khan, an analyst at JPMorgan Chase & Co. in New York, said in a note to investors yesterday.
“With the biggest days of the holiday season still ahead, we would view these numbers with caution,” Khan said.
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Apr 14, 2021 1:41:25 GMT -6
Susan George: Thank You for your support!
Dec 21, 2020 17:18:51 GMT -6
Tonja: I think you need to consult with a professional development team. Start by covering your idea and implementing its design. This should be a company with experience as northell.design
Nov 29, 2020 17:15:41 GMT -6
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Nov 13, 2019 16:18:54 GMT -6
ConGM: Please direct me to the full article by Susan George. Or email to firstname.lastname@example.org.The provided link is broken. I'd like to read it in preperation for a course. Much appreciated.
Nov 13, 2017 15:19:23 GMT -6
ace comando: Well, it took me several days and a lot of code writing to sift through the millions of achieved pages on the Wayback Machine achieves. Was about to give up when a colleague gave me mining script to look at all archived pages whether displayed or not. And
Feb 24, 2017 19:44:10 GMT -6
unlawflcombatnt: I've now changed the colors on the board to something more readable. At least now readers can find the sign-in tab.
Jul 6, 2014 22:58:23 GMT -6
unlawflcombatnt: OldUser-the sign-in area is in the dark area immediately under the red section that says Economic Populist Forum. It's almost impossible to see, unless you know where to look. This was ProBoards idea, not mine.
Jun 12, 2014 11:52:53 GMT -6
OldUser: There's no link on here to sign on or login. Where'd it go?
May 29, 2014 8:44:44 GMT -6
jeffolie: One might short a bull ETF to gain the decay but this requires a margin position subject to changes imposed by the exchanges & brokers
Oct 26, 2013 13:26:07 GMT -6
jeffolie: Holding a stop loss in these algo dominated markets almost always means the algos will hit your stops
Oct 26, 2013 13:20:09 GMT -6
jeffolie: Even so, these leveraged ETFs do not create margin calls nor expiration dates thus allowing one to hold indefinitely
Oct 26, 2013 13:17:52 GMT -6
jeffolie: Yes, the ETF features fading/leveraged decay because the futures and/or options used decay plus the administrative costs rise the decay, declining value ... I accept this as a cost and feature of all ETFs that purchase futures/options to maintain price
Oct 26, 2013 13:15:38 GMT -6
mimzy: jeffolie ~ I've been reading/lurking you for a year or three now and was wondering if your could you explain how you overcome quantum fading/leveraged decay in your ETF short position of the DJIA?
Oct 25, 2013 20:46:26 GMT -6