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comScore: Online spending week sets $7 billion record
Reston, Va. -- comScore reported Thursday that the most recent week achieved record-setting levels of online spending, eclipsing $7 billion in sales for the first time ever. Four individual days surpassed $1 billion in spending, led by Green Monday at $1.275 billion.
According to comScore, holiday season retail e-commerce spending for the first 46 days of the November–December 2012 holiday season has reached $35 billion, marking a 13% increase vs. the corresponding days last year.
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Bed Bath & Beyond Q3 profit beats, sales disappoint
Union, N.J. -- Bed Bath & Beyond Inc. reported Wednesday that profit for the quarter ended Nov. 24 rose almost 2% to $232.8 million, from $228.5 million last year, edging Wall Street expectations.
Revenue increased 15% to $2.7 billion, just missing analysts’ forecasted $2.73 billion in revenue. Same-store sales rose 1.7%.
The retailer said it estimates Hurricane Sandy lowered comps by about 0.9% during the period.