Internet gift spending rose

Published: 23 November 1999 y., Tuesday
Internet gift spending rose by 17 percent last week, despite a modest decrease in overall Internet spending, according to data revealed by a weekly survey of holiday Internet shopping, conducted by Goldman Sachs and PC Data Online. Internet shoppers spent $208 million from home last week, down $13 million from the previous week. Over a quarter of this total, $54 million, was spent on gifts, the survey found. PC Data Online in cooperation with Goldman Sachs surveyed 3,019 home-based Internet users during the week of November 12-16. The shift toward holiday gift-buying online was confirmed by 42 percent of the survey, who indicated they already have started shopping for Christmas. This is up ten percent from a month ago. Twenty-three percent said they planned to begin shopping between now and Thanksgiving, with the remaining 35 percent indicating they would not begin until after Thanksgiving. The drop in overall spending was reflected in small dips across the board in most of the top categories, Meierhoefer said. The exception was toys, he noted, which saw a 33 percent increase in its buy-rate over last week. The top five categories in sales for the week were computer software, music, books, toys, and health and beauty products. While online apparel sales seem to be holding their own this holiday season, the long-term forecast for the sector may be less favorable, according to research by The NPD Group, Inc. NPD predicts that online sellers of apparel should see approximately $600 million in sales this holiday season, a significant jump over last year's $250 million in online apparel sales. However, a recent survey reveals that only one-third of consumers with Internet access plan to buy apparel online during the next six months. NPD_s "Apparel E-Commerce Report," found that nearly half of total Internet users said they never plan to buy clothing online. And the majority of Internet users (61 percent) who have never bought clothing online reported they do not intend to do so in the future. This reluctance was also prevalent even among those with years of experience on the Web; more than 40 percent of these Internet veterans said they_ll avoid buying apparel on the Web.
Šaltinis: Cyberatlas
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Paris fashion week ignores economic pinch

European cities may still be feeling the pinch of the global recession. more »

EBRD supports private ownership in Kazakhstan’s oil and gas sector

The EBRD Board of Directors has approved a $50 million convertible loan to Petrolinvest to finance the completion of exploration works at the company’s main oilfields. more »

Car safety: European Commission welcomes international agreement on electric and hybrid cars

The European Commission welcomes the adoption today at the United Nations in Geneva of the first international regulation on safety of both fully electric and hybrid cars. more »

Lithuania’s rating outlook raised by fitch on budget

Bloomberg has today announced that Lithuania had the outlook on its credit rating raised by Fitch Ratings after the Government implemented an austerity program to curb the budget deficit. more »

Eurostat: Lithuania shows highest increase in retail trade

In January 2010, compared with December 2009, the highest increase in retail trade in the EU-27 Member States was observed in Lithuania. more »

Globalisation fund: Parliament backs aid to Germany and Lithuania

Three thousand former car, refrigerator and construction workers in Germany and Lithuania will get €7.6 million in EU globalisation adjustment fund aid for training, self-employment and job guidance after Parliament gave the green light on Tuesday. more »

Tourism: upbeat prospects for 2010 season

Some 80% of Europeans continue to travel for their holidays according to a new Eurobarometer survey on ‘The attitudes of Europeans towards tourism 2010’. more »

Consumer protection under discussion by MEPS

The EU's internal market will be under scrutiny Tuesday when a series of reports will be debated by MEPs in Strasbourg. more »

EU to provide 45,000 micro-loans to unemployed and small entrepreneurs

EU Employment and Social Affairs Ministers today agreed on a new facility to provide loans to people who have lost their jobs and want to start or further develop their own small business. more »

MEPs set to vote on help for German & Lithuanian workers

Over €7.6 million in financial aid for training and self-employment could be available to former workers in German and Lithuanian if MEPs back the measures Tuesday. more »