OSAKA, Japan, Nov. 26, 2018 /PRNewswire/ - Mitsui Gunma
Management has commented on the recent boost to U.S. retail stocks
as the largest online shopping day of the year 'Cyber Monday'
starts.
It has been suggested that consumers that had missed deals on
Black Friday are expected to dominate online websites offering sale
reductions up to 80 percent. Majority of sales will come from
mobile devices, increasing in demand over the past few years.
According to analysts from Mitsui Gunma Management the 'Cyber
Monday' should reach up to $7.8
billion U.S. Dollars in sales on the top 100 U.S. retailers
alone, overtaking Black Friday which amounted around $6.2 Billion U.S. Dollars. Shares of e-commerce
giant Amazon.com Inc have already jumped 3.3 percent providing
gains on both the S&P 500 and the NASDAQ.
"There are many retail stocks that will see sales increase to
over 22 percent compared to last years figure of only 17 percent on
average this holiday shopping season." Added a key research analyst
from Mitsui Gunma Management.
E-commerce giant Amazon.com Inc took in one third of all online
sales during the last year, with market experts predicting the
retail outfit will break records with a 40 to 45 percent market
share this year.
The figures could be even high due to Amazon teaming up with
Apple Inc providing Amazon's virtual Apple store which is expected
to offer some exclusive deals which will rank up its sales.
About: Founded in 2010, Mitsui Gunma Management is an
independent, full-service brokerage that provides wealth management
solutions for retail and corporate clients. Dedicated to providing
a first class service to understand each investor's requirements in
order to satisfy their investment needs. For more information
please visit our corporate website:
https://www.mgmcorporate.com/
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SOURCE Mitsui Gunma Management