By Brad
Fox News reports that online retailers experienced a surge in traffic and sales yesterday:
By 6:30 p.m. Eastern time on so-called Cyber Monday, Web shoppers had spent, in total, 11% more than they did a year ago at that time, according to Coremetrics Inc., a Web analytics company that tracks shopper behavior on the sites of more than 500 U.S. brands.
With overall online sales up an estimated 6%, yesterday is expected to be the biggest online retail day ever.
By Brad
Online DVD deliverer Netflix has announced it recently delivered its 2 billionth DVD—and they reached that number in just under 10 years. GigaOm does the math:
Using a rough back-of-the-envelope calculation, that works out to an average of 605,326 DVDs a day or about 25,221 DVDs an hour, 420 DVDs a minute or 7 DVDs every second.
Now that’s impressive.
By IIA
• eCommerce generates 36% less conventional air pollutants than conventional shopping.
— Fuhr, Joseph P. Jr. “Broadband Services: Economic and Environmental Benefits.” American Consumer Institute. October 2007.
More facts about broadband and the environment.
By Brad
It may seem like it’s all doom and gloom when it comes to the current state of the U.S. economy, but thanks to eCommerce it’s not all bad news:
Amazon.com beat Wall Street’s fourth-quarter revenue and earnings expectations, as the e-commerce giant posted strong holiday sales amid a weak economy.
Amazon’s revenues jumped 18 percent to $6.7 billion for the quarter compared with the same period a year earlier. Wall Street had been expecting Amazon to generate sales of $6.4 billion for the quarter, according to Thomson Reuters.
The company reported a 9 percent increase in net income to $225 million for the quarter, or 52 cents a share. Wall Street was expecting a net profit of 50 cents a share, excluding stock options expenses.
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