Wednesday, December 26, 2007

Amazon.com Inc. (NDAQ:AMZN) shares rose today after the company announced record sales during this holiday season. Online shoppers purchased 5.4 million items – or 62.5 items per second – from the online retailer with the busiest day being December 10th. Meanwhile, brick-and-mortar retailers like Wal-Mart and Target may have missed their best estimates. The move suggests that an increasing share of shopping is being done online from the convenience of home.

Amazon announced some interesting holiday facts:

  • Amazon.com sold Nintendo Wii systems at approximately 17 per second when they were in stock.
  • Amazon.com sold enough high-def DVD players to cover seven football fields.
  • If you lined up all of the GPS units Amazon.com sold this holiday, they would make a trail from New York to Philadelphia; however, a new trail wouldn’t be necessary with the use of a GPS.
  • Amazon.com sold enough auto wrenches to stretch all the way around the Daytona 500 track.
  • Amazon.com sold enough Hannah Montana wigs to outfit the entire audience at her December 20th show in Providence, RI.
  • Amazon.com’s One-Day Shipping was extended an extra day through Sunday, December 23rd for Prime members this holiday season.
  • The last Prime order placed on December 23 in time for Christmas delivery contained “Futurama, Vol. 1″ DVD, “Lost in Translation” DVD, “A Charlie Brown Christmas” CD, “The Fountainhead” by Ayn Rand paperback, “Bridge Over Troubled Water” CD, and “Pulp Fiction” (Two-Disc Collector’s Edition) DVD delivered to Herndon, VA on December 24th.

The statistics suggest that investors should also be watching Garmin (NDAQ:GRMN) and Nintendo (OTC:NTDOY) stocks as they appear to have experienced strong sales. Meanwhile, Target (NYSE:TGT) shares declined after the company cut its expectations for same-store sales. Wal-Mart (NYSE:WMT) shares also fell amid expectations that their sales also suffered at the hands of online shopping. In the end, this is a trend that will only continue…

Related Companies
Hasings Entertainment (HAST)
eBay Inc. (EBAY)
Barnes & Noble Inc. (BKS)

12/26/2007 4:43:52 PM UTC  #    Comments [0]  |  Trackback
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