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

Iraq, its domain and the 'terrorist-funding' owner

The war against Iraq may be drawing to a close but the war over its Internet future is just beginning more »

Windows CE to outship PCs in five years - researcher

In five years' time, more Windows CE devices will be shipping than Windows PCs more »

Government surveillance of online phone calls sparks controversy

Wiretapping takes on a whole new meaning now that phone calls are being made over the Internet, posing legal and technical hurdles for the FBI more »

Hidden cost

The high price of piracy more »

Sex takes backseat to Al-Jazeera site in Internet searches

In spite of being mostly knocked offline, the Web site of Arab satellite news network Al-Jazeera was among the most sought-after on the Internet last week more »

Canada becomes first to ratify NATO expansion

Canada has become the first nation to ratify expansion of the NATO defense alliance, which Latvia and six other nations have been invited to join more »

HP Thinks in 3D for Web Browsing

Hewlett-Packard's future vision of shopping online more »

Writers of Viruses Get Politics Bug

The war hasn't spawned new viruses. Instead, the same old viruses are being sent with new subject lines in the e-mail. more »

Web swarm gathers in the Netherlands

Eyebees, a Dutch-based start-up, has launched a beta version of a software application bearing the company's name that allows users to become either part of or lead an on-line "swarm" as they navigate the Internet more »

search.lt news

search.lt presents newest links more »