Feeds

E-commerce sales soar

Do what?

  • alert
  • submit to reddit

The essential guide to IT transformation

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... ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.