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Commented on U.S. holiday online sales fell 3 percent

People are running for holiday sales in order to get the things they need for the season in the lowest price. The holiday season’s retail sales’ extra cash went to Amazon.com, the online retail giant, but overall retail sales went downhill. Mainstays such as consumer electronics and jewelry fell by 20% compared to last year’s figures. The value of convenience appears to have not diminished, as Amazon allows shoppers to be able to purchase gifts for virtually anyone, and the diversity of products outpaces any pusillanimous offerings by your local shopping mall. All can be done from the home, and you can even get next day shipping if you feel like paying extra. Amazon was one of the lucky few retailers not to see a loss this year, even though internet sales were down 1%. However, that paltry 1% is a blessing in comparison to the losses of other retail sections – luxury items such as jewelry took a hiding over the holidays, as the sales for jewelry fell 35%. Jewelry and electronics are typically mainstays of holiday shopping, and both suffered significant losses this year, even with new generation Blackberry, iPhones, and a multitude of platform games being put out and priced competitively for the holidays. Read this article to learn more about how retailers fared this holiday season and to check out your options if you’re in need of extra cash.

3 years ago