Tuesday, December 1, 2009

The Repercussions of Black Friday

Things move fast in the modern age: Investors were able to track sales figures from Black Friday on Monday and digest them quickly enough to move some stocks as a result. And even though overall sales inched higher than last year, up 0.9 percent by one estimate, there were plenty of losers in the retail sector on Monday:

* Kohl's was down 2.4 percent
* Coldwater Creek was down 3.2 percent
* GameStop was down 3.6 percent
* J.C. Penney was down 3.8 percent
* AnnTaylor Stores was down 4 percent
* Macy's was down 6 percent
* Saks was down 8.4 percent
* Talbots was down 6.9 percent
* Zale was down 8.9 percent

So were there any retail winners? Oddly enough, the biggest jump among retailers on Monday took place at two major online companies, who should have profited less from Black Friday and more from yesterday's so-called Cyber Monday: Amazon.com and eBay.

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