Mitsui Gunma Management Says Wall Street Retailers Rally Due to Online Spending Reports

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/

SOURCE Mitsui Gunma Management