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

Google Makeover Gets 'Personal'

Looking to stave off aggressive competition from rivals such as Yahoo and Microsoft, search technology powerhouse Google has started testing a personalized Web search feature more »

search.lt news

search.lt presents newest links more »

Ballmer rues Web-search decision

Internet searching is a hot technology business, but you wouldn't know it from looking at Microsoft more »

Lindows plans US gov backed global assault on Windows trademark

Lindows.com intends to use a US Department of Commerce programme to have Microsoft's trademarks of Windows invalidated worldwide more »

CeBIT'2004: All in One Screen

Why have two or more screens when you can make do with just one? more »

Sony Ericsson banks on 3G appeal

The future looks bright for third generation mobiles, according to the boss of phone maker Sony Ericsson more »

New Standard Would Let Devices Communicate by Touch

Visa has already distributed millions of so-called contactless credit cards cards that can be read by simply waving them in front of small machines more »

The "Swissmemory USB Victorinox"

It's got everything from a toothpick to a bottle opener and screw driver more »

No Bigger than A Pen

German company Siemens introduced its latest contribution to the mini phone rage: the PenPhone more »

Dancing Robots

Kunitake Ando, President of Sony, unveils the Japanese company's contribution to artificial intelligence: a dancing robot more »