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In the report, Piper Jaffray writes, “As we near the beginning of the official holiday season, retail sales trends remain solid suggesting Black Friday results are likely to show a modest y/y increase. Retailers are offering free shipping, price matching and additional store hours to capture market share in what is shaping up to be a highly competitive holiday season. The holiday season still has a long way to go after this weekend as Black Friday accounts for 6% of holiday sales and the weekend accounts for 12% of holiday, but consumer response to the upcoming weekend will help set the tone for the remaining weeks.”
Companies included in the Piper Jaffray report are: Target
TGT, Kohl's
KSS, JC Penney
JCP, Macy's
M, Best Buy
BBY, Wal-mart
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Posted In: Analyst ColorShort IdeasPre-Market OutlookAnalyst RatingsTrading IdeasConsumer DiscretionaryDepartment StoresPiper Jaffray
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