Slides After Disappointing Forecast for Holiday Sales
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(Bloomberg) -- Inc. worried investors with a holiday sales outlook that suggests shoppers are abandoning the online marketplace and resuming pre-pandemic spending habits. Shares fell as much as 7.7% in extended trading.Most Read from BloombergInto the Metaverse: Where Crypto, Gaming and Capitalism CollideAtlanta’s Crowded Election Pits Former Mayor Versus ‘Anyone But’Can a New Mayor Fix Seattle’s Downtown?In Minneapolis Election, the Future of Policing Is at StakeThe Terrifying Rise of Haun
Nominal holiday sales up, real sales down
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predicts sales growth slowdown for holidays, crushing shares
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Earnings
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2023 Holiday Shopping Outlook
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