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Almost half of U.S. consumers who bank online would have no problem consolidating their accounts at a single institution, though others continue to have concerns about using one bank only, according to a report released Wednesday byJupiter Media Metrix (Nasdaq: JMXI) The trend toward single-source banking is likely to gain momentum as companies con...
The latest release of Microsoft's Internet Explorer 6.0 should have been the perfect opportunity for e-tailers to show consumers they are serious about online privacy. Instead, it may turn out to be just the opposite Embedded in IE 6.0 is the first incarnation of a new privacy platform standard established by the World Wide Web Consortium (W3C), ca...
Drugstore.com (Nasdaq: DSCM) said Tuesday that sales grew and expenses fell during the third quarter, helping the e-tailer to post a loss of about US$15 million, less than half of the financial loss it recorded for the same period last year. The loss of 23 cents per share beat most Wall Street expectations. Analysts were calling for a loss of 27 t...
Software maker PeopleSoft (Nasdaq: PSFT), which amid the struggling economy reported earnings of US$50 million for the third quarter of 2001, embraces online marketing as part of its overall advertising strategy. In a recent interview, chief marketing officer Nanci Caldwell, who came to the company six months ago after 19 years at Hewlett-Packard ...
Expedia (Nasdaq: EXPE) said late Monday that business recovered from the September 11th terrorist attacks faster than initially predicted, with the online travel company posting better-than-expected results for its fiscal first quarter of 2002, including earnings (before non-cash items and expenses) of US$15.1 million The net loss for the quarter e...
Consumers are a demanding bunch. And as technology gets exponentially better and cheaper over time, online shoppers are wanting better and cheaperaccess to what they are looking for "As the Internet becomes more mainstream, many users are not early-adopters," Forrester Research senior analyst Paul Sonderegger told the E-Commerce Times. "Some are do...
Despite the slowdown in the global economy, online retailers worldwide are expected to rack up US$25.3 billion in sales this holiday season -- marking a 39 percent spike over last year's figures -- according to a new study released Monday by GartnerG2, aresearch unit of Gartner (NYSE: IT and ITB) The research firm also predicts that the fallout fro...
Surging apparel sales will help fuel a 43 percent rise in online spending this holiday season, Web measurement firm Nielsen//NetRatings (Nasdaq: NTRT) said Monday. Nielsen//NetRatings predicted that US$10 billion will be spent online during the last eight weeks of the year. Clothing will top all other sectors with nearly $2.5 billion in sales, the...
In the glory days of e-tailing, many Internet pure plays spent lavishly on customer acquisition and loyalty programs, not to mention building what would later turn out to be excess capacity. However, corporate naivete and consumer greed proved a crippling combination for those online businesses....
Remember the phrase, "Content is king"? Content can mean many things, but I'm referring to information and functionality that directly aids online shoppers in making purchases, like selection guides, comparison charts and how-tos. Let's call it "commerce content."
Online auctioneer eBay (Nasdaq: EBAY) topped analyst estimates in the thirdquarter ended September 30th, and raised estimates for the current quarteras well The company on Thursday reported earnings before charges of US$34.9 million,or 12 cents per share -- topping the 11 cents expected by analysts -- alongwith a 71 percent increase in revenue to $...
Just days ago in this column I was celebrating the manner in which the Old Economy and the New Economy had found a common ground for online music. Was it a bit premature? Perhaps....
Not long ago, Microsoft (Nasdaq: MSFT) issued a press release arguing that its MSN network had leapfrogged Yahoo! (Nasdaq: YHOO) to become the most popular family of Web sites on the Internet. The news didn't make much of a splash. In fact, it fell so flat that MSN re-issued the release a week later....
Outpost.com (Nasdaq: COOL), one of the first big-name pure-play e-tailers, continues to lose money but says it expects to have enough cash to hang on until its proposed merger with Fry's Electronics can be consummated. Outpost's most recent quarterly report, filed with the Securities and Exchange Commission this week, is likely to be its last as a...
The eToys Web site is back, in time for the holidays The online toy seller, which went out of business and had its assets acquired last spring by toy retailer KB Holdings, is operating as a unit of KB's subsidiary KBKids.com, according to a notice on the eToys Web site....
Travelocity (Nasdaq: TVLY) reported its largest quarterly profit to date on Wednesday -- US$4.9 million -- despite a decline in revenue attributed to flying fears after the September 11th terrorist attacks. Fort Worth, Texas-based Travelocity said it earned a pro forma profit of 9 cents per share for the third quarter, a nose ahead of the 8 cents ...
In the first few weeks after the terrorist attacks on the United States, the dot-com world scratched its collective head, wondering if the economy would ever stabilize Some online merchants have passed that phase and are now focusing on how to survive until they see daylight again.
Career planning in e-commerce is not for the weak-spirited. A struggling technology sector and an economy teetering on recession have severely limitedthe opportunities for middle- and upper-level managers "With the way the market changes so quickly these days, it is very difficult to speculate on what might or might not happen," spokesperson Jim Ba...
Forrester Research (Nasdaq: FORR) said Tuesday it will stick by its prediction that U.S. consumers will spend US$11 billion online this holiday season. Forrester said the estimate, which calls for a 10 percent increase over 2000 online holiday spending, was revisited in the wake of the September 11th terrorist attacks on the U.S. and the military ...
Media giant AOL Time Warner (NYSE: AOL) on Wednesday reported third-quarter pro forma earnings and revenue that topped expectations, though the company posted a net loss for the period ended September 30th as advertising revenue declined Company officials had previously said Monday that AOL remains on track to meet its lowered expectations for this...
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