A big day for Internet retail firms, many of the companies posted sales increases over the prior period this time last year. Overstock, however, didn't post an increase in sales.
From an article on internet retailer:
At Overstock.com, sales fell 3% yesterday compared with the same Monday last year. “Last year Cyber Monday was in November. In November we had gunned marketing, which gave us a bigger November than we should have had, and a weaker December,” says CEO Patrick Byrne. “So our expectation has been to have a hard time matching November’s days this year, but then to make up some ground in December.” read the rest of the article here.
How may this affect your forecast?
What other macro-economic factors may affect your forecast?
Showing posts with label technology industry. Show all posts
Showing posts with label technology industry. Show all posts
Tuesday, December 2, 2008
Sunday, November 16, 2008
Tech firms cut jobs
Three large tech firms in Santa Clara, CA, have announced significant job cuts this past week (see here). The most recent is Sun Microsystems, announcing that between 5,000 and 6,000 jobs will be shed. Sun's CEO, Johnathon Schwartz was quoted here as saying “The focus here is to eliminate some of the inefficiencies that have made it hard to do business with Sun,”and the (short-term) result should be a significant cut to expenditures.
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