Record Retail Sales

https://www.cnbc.com/video/2017/12/26/holiday-retail-season-not-a-happy-ending-for-all.html

Steve Odland appeared on CNBC’s Squawk Alley on 12/26/17 to discuss holiday retail sales.

  • 2017 Holiday retail sales this year projected +4.9%, to highest level in history
  • Bricks and mortar retailers expected +2%
  • Online projected to be up +18%, now about 10% of total sales
  • Mobile drives 23% of ecommerce, 44% of site visits
  • 60% of consumers plan to buy online
  • Amazon collecting 60-70% online sales increases, 44% share of online retail, projected to exceed 50% in coming years
  • WMT online sales +60%, but only to 3% of total; AMZN 10x WMT online
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