January 19, 2016
CNBC quotes Ron Friedman, national leader of Marcum's Retail & Consumer Products group, in an article about online holiday sales.
By Krystina Gustafson
It wasn't all bad for retailers this holiday season.
Days after the National Retail Federation reported that holiday sales growth fell short of its forecast, data from Adobe Digital Index found that online sales hit a record $83 billion in November and December, easily beating the firm's expectations.
"Amazon is kicking the pants off of everybody, and I think that's the future," Marcum's Ron Friedman said Friday.