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... ®

Boost IT visibility and business value

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
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Broadband slow and expensive? Blame Telstra says CloudFlare
Won't peer, will gouge for Internet transit
prev story

Whitepapers

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.
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.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?