Forrester report: US online retail sales to top $300B by &#39;10
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Forrester Research Inc. of Cambridge has put a value on the fast-growing online retail market in the United States, saying American firms will sell $316 billion in goods and services via the Web by 2010.
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(InfoWorld) - The 2006 holiday shopping period got off to a strong start over the weekend, according to several e-commerce operators. The Friday after the Thanksgiving holiday is typically seen as the start of the holiday sales season in the U.S. and retail outlets across the nation see some of the largest crowds of the year on that day. In recent years, online retailers also report strong traffic on the day. While consumers may be opening their wallets to online retailers like never before, there's also evidence they are after bargains like never before. Two online price comparison sites, which point consumers to the lowest prices for various items, reported surging traffic. Pricegrabber.com said it's seen a 45 percent increase year-over-year in referrals to merchants for November to date. In some categories, including toys, sporting goods and apparel, the amount of traffic sent to retailers by Pricegrabber has more than doubled, it said. Rival site Shopping.com reported a 40 percent jump in November-to-date referrals to online retailers and said hot categories include kids and family, home and garden, and clothing and accessories. Despite the strong traffic, Monday is likely to be busier, said Shopping.com. Last year visitors to the site peaked between noon and 2 p.m. on Monday. Two of the season's hottest holiday gift items, the recently-launched PlayStation 3 and Wii games consoles, have been selling fast on Ebay. In the week to Nov. 24, 14,675 PlayStation 3 and 26,708 Wii consoles were sold through the site. The average price of the PS3 was US$1,186.39 while the Wii fetched an average $412.53, according to eBay Marketplace Research. Both prices are well above their suggested retail prices. Other hot electronics items include the Samsung Electronics Co. Ltd. BDP-1000 Blu-ray Disc player and Apple Computer Inc.'s iPod nano and iPod Shuffle, the company said.
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Search Engine Marketing Mistakes Retailers Need to Avoid  According to a recent survey conducted by Shop.org and Forrester, in 2003, online retail sales jumped 51% to reach $114 billion with 79% of all online retailers (etailers) were profitable. Online sales are expected to reach 6.6 percent of total retail sales in ...
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Online shoppers in the United States spent &#36;23.2 billion during the holidays, excluding travel, up 25 percent from the 2003 season, according to a new survey from Goldman, Sachs & Co., Harris Interactive and Nielsen/NetRatings.
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MarketWatch this morning cites a Bear Stearns analyst's report as providing statistics showing usage share of global online searches actually grew a tenth of a point, to 10.6% from 10.5%. If the analyst's figures are confirmed, this would mark the end of a twelve-month slump for MSN and Live Search.
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hoAs the holiday season wound down, U.S. residents kept on shopping significantly more than they did in 2006, particularly on the day after Christmas, but they also reported being less satisfied with e-tailers, according to a pair of studies.Between Nov. 1 and Dec. 27 -- the first 57 days of the holiday season -- U.S. shoppers spent almost $28 billion in online retail purchases, up 19 percent compared with the same period in 2006, according to comScore.Shoppers spent $545 million on Dec. 26, more than doubling the spending on that day in 2006, as they took advantage of late-season offers and discounts, according to comScore.Still, it looks like online spending growth for the 2007 holiday season will fail to meet comScore&#39;s 20 percent forecast, and fall way below the 26 percent growth registered during this period in 2006.comScore chalks up the smaller-than-expected growth to several factors, including warm weather in early November and various economic challenges this year, including higher gas prices, the real estate crunch, and a &quot;jittery&quot; stock market, the company said Sunday.Another important metric that dropped this holiday season compared with 2006&#39;s was customer satisfaction, according to ForeSee Results, a provider of online customer-satisfaction measurement services.A survey of more than 11,000 shoppers revealed that, on a 100-point scale, customer satisfaction with the largest 40 e-tailers dropped, in aggregate, to 74 points, down 1.3 points from the 2006 holiday season, according to ForeSee. It conducted the survey in conjunction with FGI Research using the methodology of the University of Michigan&#8217;s American Customer Satisfaction Index.Still, the spending growth in online shopping this holiday season, even at 19 percent, would greatly outpace the growth of overall U.S. retail holiday spending, forecast at 4 percent by the National Retail Federation.That 4 percent growth rate -- which would put 2007 holiday season retail spending in the United States at almost $475 billion -- would fall below the 10-year average of 4.8 percent and be the slowest since 2002, according to the National Retail Federation.
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Online retailers had a better-than-expected start to the holiday season, according to one Internet research firm that tracks online sales.
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The average weekly retail price for U.S. gasoline topped &#36;2 a gallon to reach the third-highest level ever recorded by the government, the Energy Department said on Monday.
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U.S. chain store retail sales rose in the latest week, a report said on Tuesday.
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Web retailer Amazon.com Inc. AMZN.O  on Monday said it set a one-day selling record this year as it  logged its busiest holiday shopping season in its 10-year  history, news that sent shares up nearly 9 percent.
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Online retailers sold $14.8 billion worth of goods and services between Nov. 1 and Dec. 26, a 29 percent increase over the comparable period in 2003, according to statistics released this week by ComScore Networks. The increase was particularly pronounced in the week before Christmas. -The Washington Post
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The Commerce Department on Friday said online retail sales increased more than 21 percent in the third quarter. Adjusted for seasonal variations and holiday and trading-day differences, online
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Last-minute shoppers flocked to the Internet, leading online retail sales to surpass estimates for the holiday season.
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U.S. chain store retail sales rose in the latest week, as increased customer traffic at discount and department stores continues to drive sales, a retail report said on Tuesday.
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Retail theft and fraud cost U.S. retailers a record $41.6 billion last year, although the percent of sales the industry lost through activities like organized crime and employee theft remained almost flat, according to a survey released on Monday.
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As the luxury market, an estimated $400 billion dollar industry in the  US, continues to outpace annual growth of regular retail by as much as  25%, analysts predict the industry will pass the $1 trillion mark by  2010.
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Retail sales over the Internet rose 4.7 percent in the third quarter and gained 21.5 percent compared with the same period last year as consumers continued to turn to e-commerce for shopping, a government report showed Friday.