U.S. Week Ahead: Retailers hope shopping spree continues
Friday, November 23, 2012 - 03:26
With Black Friday a blurred memory, online retailers hope the shopping will carry over until Monday when more deals hit retail websites.
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As the shopping frenzy dies down this -- Friday and trampled shoppers once the dust and sweat from the browse other -- Savvy consumers easier for Monday's online shopping -- Amazon.com. EBay Wal-Mart best -- and other leading online retailers 100 -- to win over holiday shoppers on Monday. Amazon has dominated its online event for years but eBay and others -- give it a run for its money. I'm spending is forecast to jumped 30% this year from a 22% increase last year according to comScore data compiled by -- On Wednesday and Thursday November same store sales data from leading retailers will be released that's expected to show that a strong holiday shopping season. Mitigating the negative impact on demand -- superstars Andy had apparently -- We'll see if the economy grew faster than initially thought we get the second week for US third quarter GDP on Thursday. Economists see the preliminary -- increasing to two point 8% annual pace from 10%. Inventories look comfortable with the growth -- indicating either supply for kind of demand or unsold goods -- -- Durable goods data out Tuesday they're expected to decline as an anticipated drop in defense aircraft orders. Offset expecting gains from civilian aircraft and vehicles. Housing will be in the clubs that while this case Shiller home price data also out on Tuesday. -- expect to provide more evidence that the real estate market has turned the corner. New home sales -- out the following day. That's your Ben Bernanke is back again that's -- college -- counties in Washington DC. On Wednesday the -- publishes its Beige Book which could hit and how much momentum that you his recovery is king in the last couple of months. What's standing comments are likely to come from other fed officials over the course of the week. Tuesday's loaded with speakers including regional fed bank president Richard Fisher Dennis Lockhart and religiously conference. Chicago fed president Charles Evans we'll talk about the US economy to run on the same day and -- -- -- -- of -- of Minneapolis and round of the week when he speaks at a conference. -- -- This over earnings season lenders report next week we'll hear from the American Eagle want to know and Tiffany's among others. Investors also focused on results from green mountain coffee due out on Tuesday that company has seen its shares rise and fall dramatically. This week shares jumped 11% when the board appointed new CEO Brian -- comes from Coca-Cola. Overall the stock has fallen more than 66%. Since last year. Short seller David Einhorn first cast doubts on the company's sales figures and grow crops and and finally Microsoft holds its annual meeting on Wednesday. But to Bill Gates and CEO Steve Ballmer will spend an hour or so taking questions from shareholders. The new windows eight operating system has -- what do not appear to be wowing consumers. And there's still certainly has just why the company parting ways ahead of its windows unit two weeks ago. Investors are looking for something just anything positive out of that meeting at the stock has gone virtually nowhere since and make sure you stay with insider and Reuters TV for more on the big market movers and don't forget to check out our YouTube channel at Reuters dot com slash Reuters TV. And follow us on Twitter and Reuters Insider. I'm Fred Katayama this is one.
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