By Brad
TechCrunch highlights a new report from Forrester Research that predicts online retail will continue to grow in the next five years — from $155 billion in 2009 to as much as $250 billion by 2014.
By IIA
Today, more than 600,000 Americans earn part of their living by operating small businesses on eBay’s auction platform.
Julius Genachowski prepared remarks, included in “FCC & Net Neutrality: Part 1,” Techlobbyist.net.October 5, 2009.
More facts about broadband.
By IIA
In 2008, more than $140 billion was spent purchasing goods and services over the Internet.
— Salmon, Matt. “Net Neutrality Threatens the Balance of the Internet.” Washington Examiner 16 Sept. 2009.
More facts about broadband.
By Brad
How well is online retail doing this holiday season? The Wall Street Journal reports that while sales at traditional stores were flat compared to last year, online stores saw an increase in sales of 4%. In fact, on December 15 alone sales totaled $913 million — a new single day record.
By Brad
The New York Times reports that, despite the chilly economy, online retail continues grow:
In its State Of Retailing Online 2009 report, Forrester Research reported that the vast majority of Web retailers were not only profitable in 2008 - in a recession - but also that their overall level of profitability grew.
The e-commerce market is expanding, due to a combination of factors. One is that consumers are no longer afraid to buy things online, as they once were. Also brick-and-mortar businesses are migrating more of their operations online. We also have technology advances to thank: better recommendations technology, social media, the emergence of mobile commerce.
Not surprisingly, as e-commerce grows, competition grows along with it:
Wal-Mart, the mightiest retail giant in history, may have met its own worthy adversary: Amazon.com.
In what is emerging as one of the main story lines of the 2009 post-recession shopping season, the two heavyweight retailers are waging an online price war that is spreading through product areas like books, movies, toys and electronics.
By Brad
In what could prove to be the start of a major shift for publishing — or, just as possible, a short-lived fluke — digital copies of Dan Brown’s (The Da Vinci Code) new novel The Lost Symbol are outselling the traditional hardcover versions on Amazon.
By Brad
Online retailers weren’t immune to last year’s miserable holiday season, and as the New York Times “Bits” blog reports, the pain has extended into the new year:
In a Webcast Thursday, Gian Fulgoni, comScore’s chairman, said that the first-quarter sales resulted from a continuation of the brutal economic conditions that retailers have faced since the fall. Online sales climbed 2 percent in January and February but sank 1 percent in March. That was because online shops marked down unsold holiday inventory drastically after the first of the year. Once the promotions ended, shoppers retreated.
That mirrors consumer confidence levels, which rebounded slightly in January but then fell again. In April, consumer confidence was half what it was a year ago. In a survey, 80 percent of consumers told comScore that they were more afraid of the economic future than ever before. Unemployment and job security ranked chief among their worries.
Older and wealthier shoppers were especially quiet during the first quarter.
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