AMZN

Amazon.com, Inc.

1751.0000
USD
-1.52%
1751.0000
USD
-1.52%
1307.0000 2035.8000
52 weeks
52 weeks

Mkt Cap 863.11B

Shares Out 492.33M

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Holiday retail sales expected to rise between 4.5% to 5%: Deloitte

Deloitte's annual holiday retail forecast is calling for a 4.5% to 5% rise in 2019 holiday sales, with e-commerce expected to grow 14% to 18% year-over-year. Total sales are expected to exceed $1.1 trillion between November and January. E-commerce sales are expected to reach $144 billion to $149 billion. The government shutdown, increased consumer savings, and a stock market decline put a damper on December 2018 sales. "Based on a growth in consumer disposable income and spending indicators, retailers, across channels, should expect a strong holiday season in 2019," said Rod Sides, vice chairman of Deloitte. The Amplify Online Retail ETF IBUY, -0.49% is up 26.4% for the year to date. The ProShares Decline of the Retail Store ETF is up 0.1% for the period. The SPDR S&P Retail ETF XRT, -0.72% has grown 4.3%. And the S&P 500 index SPX, -0.04% has gained 19.7% in 2019 so far.


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