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Like millions of other American consumers, I spent several hours in a shopping mall the day after Thanksgiving. It was an old-fashioned between-holidays shopping excursion, with trips to Gap (NYSE: GPS), JC Penney (NYSE: JCP), et al -- and completely devoid of any mention of e-commerce....
Federated Department Stores (NYSE: FD) said late Thursday that it will stop selling merchandise on its Bloomingdales.com Web site and will use the site instead as a "marketingsite that supports the Bloomingdale's store brand." Federated, the parent company of both Bloomingdales and Macy's, said it plans to direct its e-commerce efforts toward theMa...
More than 50 million Americans took to the Web to shop during Thanksgiving week, with brick-and-click retailers continuing to gain market share, research firm Jupiter Media Metrix (Nasdaq: JMXI) said in a report released Thursday. The 50.2 million online shoppers represented a 43 percent increase over the same week last year, when 35.2 million sho...
According to published reports, President George W. Bush on Wednesday signed into law a bill that renews the ban on key taxes related to the Internet and e-commerce The legislation extends for an additional two years a moratorium that prevents the state and local governments from imposing new taxes on Internet businesses....
Shares of Internet marketplace firm FreeMarkets (Nasdaq: FMKT) rose nearly 30 percent in early trading Thursday after the company, a pioneer in online reverse auctions, said that fourth-quarter business is proving stronger than expected and that results will be better than previously thought FreeMarkets also announced an expanded contract with one ...
U.S. e-commerce spending rose in the third quarter compared to the same period last year -- much more so when online travel was factored in -- according to two reports released Wednesday. The U.S. Department of Commerce said third-quarter spending was US$7.5 billion, up 8 percent from the same period in 2000 and up 0.2 percent from the second quar...
With approximately 90 percent of online shopping transactions stilloccurring via credit card, any attempts by the e-commerce industry tocapitalize on new electronic payment innovations might seem fruitless. Yet, seemingly every week, a new payment method arrives on the online shopping scene....
In a move that surprised absolutely no one, the U.S. government finally, officially declared the current economic "downturn" a bona fide recession on Monday. Negative growth began in the second quarter and continued into the third So, the dictionary definition of a recession has been met. Webster is satisfied. And we can now all officially ask: Whe...
While Internet use in Central and Eastern Europe is growing fast, the required technology remains too expensive for most consumers, posing "formidable barriers" to e-commerce, according to a report released Wednesday by the Yankee Group. Yankee associate consultant Graham Finnie said that few people have the money to buy computers, and regulatory ...
The next phase of e-commerce may cast the World Wide Web in a backup role. Often mistakenly equated to the Internet, the Web's shortcomings as a commerce medium have analysts forecasting a new era of Internet commerce....
Shaking off fears of continued economic malaise, roughly 37 percent ofonline consumers are expressing confidence that the holiday shoppingseason will be a strong one and plan to spend more as a result, according toa study released Monday by the Boston Consulting Group (BCG) and Harris Interactive "We believe confidence is contagious," said BCG vice...
Pop-up ads are annoying. There's little question about that. But they are also telling in what they say about the Web surfers that advertisers are trying to reach. Whether it's the X10.com ads for wireless cameras -- the ones with the scantily clad women -- or the offshore casino ads, the target is clearly young people and mainly young men.
Before new car buyers go out to kick the tires at their local car dealer, nearly two-thirds of them first research auto makes, models and prices on the Internet, according to a report released Monday by J.D. Power & Associates "The Internet provides automotive shoppers with information of real value that not only continues to attract new users, but...
When Furniture.com folded one year ago, many saw the end of online retailing for furniture. And six months earlier, when Boo.com became the first truly high-profile example of the e-commerce shakeout, serious questions were raised about whether consumers would ever buy clothes online in significant numbers But time marches on -- and both sectors ar...
Yahoo! (Nasdaq: YHOO) and Amazon.com (Nasdaq: AMZN) both reported that online sales over the Thanksgiving weekend showed a marked increase over last year. After much speculation over how the economy and the terrorist attacks might affect e-commerce, hopes were raised for a robust online holiday when Web shoppers started buying in volume from the d...
Online shopping traffic surged more than 20 percent the day after Thanksgiving, but fell short of last year's busiest shopping day, according to a report released Monday by Nielsen//NetRatings (Nasdaq: NTRT). Visits to online stores, rose 22 percent on Friday compared to the average of the rest of the week leading up to Thanksgiving, driven largel...
As Web merchants head into the holiday season, e-tail marketers are looking at a whole bunch of skittish and penny-pinching consumers -- and trying to figure out how to get them to purchase gifts online. No matter how much the analysts say it is not so, the expectations and forecasts for 2001 holiday revenues reflect a weak economy and theaftermat...
E-commerce will continue to be a driving force behind future economic growth worldwide, and may be especially important for developing countries,according to a report released Tuesday by the United Nations "By reducing costs, increasing efficiency, reducing time and distances,e-commerce could become an important tool for development," the UN Confer...
Unfortunately, Jeff Bezos and Sir Winston Churchillwill never share a trade show keynote bill Imagine Bezos' reaction to his podium-mate's booming proclamation, "It is a mistake to try to look too far ahead. The chain of destiny can only be grasped one link at a time."
Last week on Capitol Hill, when the U.S. Senate approved a two-year extension of the moratorium on Internet taxation, the entire e-commerce industry drew closer to the biggest reprieve it has ever received. With the White House indicating that George W. Bush will sign the pending bill, it appears that Congress and the president have joined forces ...
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