Wednesday, December 26, 2007

Santa Is Packing More Sofas and Less Jewelry NYTimescom via Yahoo Finance

Simply type in a company name or stock symbol for instant results. This could be the year of Barcaloungers and blenders. Some of the bigger losers were luxury goods he said. In better economic conditions that category was growing faster. Carl Prindle chief executive of Furniture. com a company based in Waltham Mass. It s certainly counter to our expectations Mr. com among others said We re not seeing the growth we saw years ago but we re not shrinking. Sales for less expensive items increased significantly he said while sales for items ranging from to have dropped. Receipts have also been helped by a hot selling decorated artificial Christmas tree for . It could be that at the high end people are less affected by the economy Mr. ComScore s data supports that idea. Middle class households earning between and are spending percent more online. Households earning less than annually are spending just percent more online than last year. Average order sizes for! Montreal based Ice. com one of the few online only jewelers in the category have jumped this year to from last year. Holiday sales he added have been strong. com s recent success is a million investment led by Polaris Ventures to be announced Monday. That category jumped by percent driven by game consoles like the Nintendo Wii comScore said. Indeed of that group only books managed to come close with a percent increase. The concern is that discounting across the weaker categories will hurt the bottom line. Burgess of Teleflora said his increased sales would be enough to offset money he spent on discounts. The average profit per item dropped he said although he would not say by how much. But the vast majority of our orders are profitable so we re still making more money he said.

Source: http://biz.yahoo.com/nytimes/071224/1194729778581.html?.v=17

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