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E-retail sales could soar by as much as 15 percent during the coming holiday season, with total holiday internet sales exceeding $82 billion. The sales projections were compiled based on estimates of disposable consumer incomes, monthly increases in retail sales and overall consumer confidence heading into this years holiday shopping season.

Traditional stores can take on e-commerce and keep their role by reinventing themselves faster to blend instore shopping with on-line, top retailers stated on Tuesday. Michael Zimmerman (Online PR News) of Prentice Capital Management (Street Insider) believes online shopping growth will quicken as consumers turn to their mobile devices seeking ways to preserve their lifestyle choices at lower prices. Strong online sales figures prove that low consumer confidence does not always equate to weaker consumer spending.

The conference board's sentiment index climbed to 68.1 for April, surpassing the highest Bloomberg economist survey estimations. House values increased 9.3% in February from the identical time frame a year ago - the largest advance since 2006, further buttressing the economic climate notwithstanding increased taxes and weakened employment very likely making many consumers a bit more wary of spending.

Michael Zimmerman and Prentice Capital Management LP have disclosed taking a position of 5,173,656 shares or 7.61% ownership of Pacific Sunwear of California Inc (PSUN).