Feeds

Don't believe the Web sales hype

Overstated, US Govt. says

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Web sales figures may be a load of hype, according to the US government. Retail sales in the e-conomy totalled $5.3 billion for the Christmas quarter, a survey by the Commerce Department claimed yesterday. This was just 0.6 per cent of the $821 billion in overall retail sales for the last three months of 1999, and conflicts with figures from the private sector. Independent research group Forrester Communications estimated Web retail sales for the Christmas quarter totalled around $10 billion. But the official figures from the US don't wash with some economists. The government report was based on a survey of 8800 retailers. But it excluded some of the most successful cyber companies, and didn't measure airline ticket sales, services or banking. Forrester estimated customers spent $5.5 billion on goods, and a further $3.5 billion on travel or event tickets in the period. New media researchers Jupiter Communications reckoned $7 billion was spent online last November and December. For the year, it estimated an extra $4.2 billion went to online travel companies. First quarter 2000 figures from the Commerce Department are expected in May. ® Related Stories E-commerce sales to reach $3.2 trillion in 2003 Forrester predicts online banking boom Online sales hit logistical brick wall

Build a business case: developing custom apps

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
HP and Microsoft prove it again: Big Business Doesn't Create Jobs
SMEs get lip service - what they need is dinner at the Club
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.