GameStop reports strong holiday sales, Wall Street passes
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Despite the generally bad news thus far from many US retailers about this holiday season's sales, the nation's largest gaming retailer has posted stellar results.
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Sony Corp.  said on Monday U.S. sales of electronics have been better than expected so far this holiday shopping season, fueled by demand for flat panel televisions and digital cameras.
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U.S. video game sales rose 8 percent in 2004, despite a drop in sales in December due to widespread hardware shortages, analysts said on Friday.
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Reports of strong holiday retail sales looked to propel US stocks to big gains at the start of trading Monday.
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U.S. chain store retail sales rose in the latest week, due to a late pre-Christmas surge in spending, a report said on Tuesday.
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Sony Corp.  said on Monday  U.S. sales of electronics have been better than expected so far  this holiday shopping season, fueled by demand for flat panel  televisions and digital cameras.
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Sales at retailers posted a much  stronger-than-expected 1.2 percent rise in November, government  data showed on Thursday, as holiday shoppers coped with high  energy costs and the fallout from a housing slump.
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It always seems a little premature to talk about the holiday season while the Thanksgiving menu is still in the planning stages, but there&#39;ll be plenty of discussion on Wall Street about December and shopping this week as top retailers report their
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Sony's game unit said Monday that it had sold 1.2 million PlayStation 3 video game consoles in North America during the key year-end holiday shopping season.
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Sales at retailers posted a much stronger-than-expected 1.2 percent rise in November, government data showed on Thursday, as holiday shoppers coped with high energy costs and the fallout from a housing slump.
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GameStop Corp , the largest  U.S. video game retailer, raised its quarterly earnings  estimate on Thursday after holiday season sales rose sharply on  blockbuster games like "Guitar Hero."
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(InfoWorld) - The 2006 holiday shopping period got off to a strong start over the weekend, according to several e-commerce operators. The Friday after the Thanksgiving holiday is typically seen as the start of the holiday sales season in the U.S. and retail outlets across the nation see some of the largest crowds of the year on that day. In recent years, online retailers also report strong traffic on the day. While consumers may be opening their wallets to online retailers like never before, there's also evidence they are after bargains like never before. Two online price comparison sites, which point consumers to the lowest prices for various items, reported surging traffic. Pricegrabber.com said it's seen a 45 percent increase year-over-year in referrals to merchants for November to date. In some categories, including toys, sporting goods and apparel, the amount of traffic sent to retailers by Pricegrabber has more than doubled, it said. Rival site Shopping.com reported a 40 percent jump in November-to-date referrals to online retailers and said hot categories include kids and family, home and garden, and clothing and accessories. Despite the strong traffic, Monday is likely to be busier, said Shopping.com. Last year visitors to the site peaked between noon and 2 p.m. on Monday. Two of the season's hottest holiday gift items, the recently-launched PlayStation 3 and Wii games consoles, have been selling fast on Ebay. In the week to Nov. 24, 14,675 PlayStation 3 and 26,708 Wii consoles were sold through the site. The average price of the PS3 was US$1,186.39 while the Wii fetched an average $412.53, according to eBay Marketplace Research. Both prices are well above their suggested retail prices. Other hot electronics items include the Samsung Electronics Co. Ltd. BDP-1000 Blu-ray Disc player and Apple Computer Inc.'s iPod nano and iPod Shuffle, the company said.
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Early indications of holiday sales last week showed strength, but investors seemed confused about whether to continue shopping on Wall Street.
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US stocks traded higher on Thursday as strong durable goods data and an improvement in consumer sentiment for December signaled economic strength, but trading volumes were light before the Christmas holiday.
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Wal-Mart Stores Inc  on Thursday reported a 2.4 percent rise in December sales at U.S. stores open at least a year, helped by strong sales of food.
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Wall Street stocks traded higher Friday as a strong retail sales report increased investors&#39; confidence about the economy. The Dow Jones industrial average rose 69.
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U.S. chain store sales rose in the  week ended December 4, as average sales were generally ahead of  last year, but customer counts were down, a report said on  Tuesday.