Feeds

E-commerce sales soar

Do what?

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

E-commerce sales are booming, according to the latest figures from research outfit BizRate.com.

It found that year-on-year online retail sales for the first three months in 2002 jumped 41% to $11.60 billion compared to $8.22 billion during the same period a year ago.

The trend-bucking improvement has led BizRate.com to revise upwards it prediction for total sales for 2002.

In 2001, total online retail sales were just shy of $36 billion, but this is now thought to increase by 44 per cent this year to more than $51 billion.

The number of orders are increasing and people are also spending more on their e-purchases.

Chuck Davis, President & CEO of BizRate.com, is barely able to control his enthusiasm at this apparent turnaround.

"There is a still a perception that online industries are faltering, but this is actually the reverse with online retail sales," he said.

"The trend shows that consumers love buying online and are shifting their purchases from offline to online - and at ever-increasing levels - even though their overall spending might not be growing."

With news like this it's enough to make me want to give it all up, blag some VC cash, and set up a dotcom... ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.