On today's Consumer Countdown, analysts Michael Finarelli and Sean O'Reilly join host Mark Reeth to discuss all the big stories in the consumer goods sector from the past few days. Of course, one of the biggest stories is Black Friday and its importance for U.S. retailers, but investors definitely shouldn't forget about it's online cousin, Cyber Monday.
According to USA Today, Cyber Monday sales have risen between 16% and 21% year over year. That's great news for e-commerce giant Amazon.com (NASDAQ:AMZN), but what does it mean for other retailers? Will this be the holiday season that sends Amazon into profitable territory? Plus, will drones really be dropping your gifts on you in the next few years? Find out in the video below!