Surprise: E-Biz is Doing Fine

Published: 18 October 2001 y., Thursday
On Wednesday morning, the mass media abounded with pseudo-apocalyptic horrors. Dozens are "exposed" to anthrax. The U.S. has bombed a Red Cross building in Afghanistan. Israel has suspended relations with the Palestinians. But there is one bright spot in the world, if anyone cares any longer to take a look: E-commerce is doing fine. This was revealed in a report by Nielsen//Netratings. In a study joined by Harris Interactive, the Internet research firm found that people spent $4.7 billion online in September, a 54 percent increase over last year. Also, there were almost 39 million buyers last month, a record number. Online spending did fall 15 percent from August to September, the company said; in August, $5.6 billion was spent online, a record for non-holiday spending. But there were fewer purchasers that month -- 37.1 million buyers. As expected, online spending on travel was the hardest hit by jitters following the Sept. 11 attacks. There was a 24 percent drop in sales at travel sites. But Sean Kaldor, Netratings' vice president for analytical services, said the sites fared better than many people had expected, and there were already signs of a rebound. He said that traffic at most travel sites had returned to normal levels. Kaldor suggested that this was a sign that online selling was a fundamentally strong business.
Šaltinis: wired.com
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

Congress considers Web sales tax

Congress continues to tackle the question of whether to keep the Internet a largely tax-free shopping zone or pave the way for states to collect sales taxes on most online purchases. more »

The feeling of a tropical vacation

Deepend SF Launches Barcardi Site more »

search.lt news

search.lt presents newest links more »

Sun to open "expanded Web" with Jxta

Sun Microsystems will release new software Wednesday that it claims can help Web users tap into computing devices and services that today's Internet doesn't accommodate. more »

Brazil’s UOL Reaches 1 Million Users

The ISP says it serves about 10% of LatAm Net accounts and that it is among the world’s top 20 providers. more »

How to Crack Open an E-Book

A hacker claims he or she has cracked the code and can remove the encryption on e-books in the RocketBook format more »

NIPC Warns China Hackers May Target US Sites

An arm of the FBI that watches for cybercrime and online security threats today warned that Chinese hackers may escalate their attacks on US Web sites and mail servers early next month. more »

Cybercrime treaty a step closer to becoming law

A controversial international treaty aimed at combating online crime has entered the home stretch before ratification. more »

Online Privacy Isn't Child's Play

Debate over COPPA is revived as three sites are charged under the year-old law. more »

Ponying up for Grace’s shirt

NBC combines product placement and e-commerce more »