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Online sales for health and beauty products e-tailer Drugstore.com (Nasdaq: DSCM) in the fourth quarter of 2000 totaled more than US$35 million, approximately a 90 percent increase over sales in the same quarter of 1999, the company announced Monday Revenues for the recently completed quarter were greater than those of the entire 1999 fiscal year, ...
Despite the economic downturn and a generally gloomy outlook for the dot-world, companies around the globe will increase their spending on business-to-business (B2B) e-marketplaces from US$2.6 billion in 2000 to $137.2 billion by 2005, according to new data from Jupiter Research. Spending in North America alone will grow from $2.1 billion to $80.9
Internet brokerage firm Ameritrade Holding Corp.(Nasdaq: AMTD) announced Monday that it has cut more than 230 full-timeemployees from its payroll, or roughly 9 percent of the firm's more than 2,500 workers. In addition, Ameritrade said that 100 temporary employees will be let go "We took this action based on current adversemarket conditions," Ameri...
The recent service outages at Amazon.com, eBay, and other e-commerce sites frustrated shoppers, lowered company revenues and raised media eyebrows. For e-commerce firms, downtimes are the worst of times However, some companies are fighting back by questioning why the Net is being held to higher standards than the rest of society. After all, every y...
Computer products e-tailer Egghead.com (Nasdaq: EGGS) said Monday that no credit card data was breached when its systems were broken into last month Egghead did concede that some credit card accounts that appear in its system had shown questionable activity, but that it was unrelated to the December hacking....
The European online travel market will soar from the US$2.9 billion rackedup in sales last year to $10.9 billion in 2002 -- a nearly 300 percent spike-- according to a study released Monday by Internet travel measurementfirm PhoCusWright The report found that a number of factors will help drive this growth,including increased Web and wireless devic...
More than 90 percent of online shoppers were satisfied with their holiday shopping experiences and more than two-thirds plan to buy online again soon, according to a report released Monday by the NPD Group. The NPD e-Visory shows that 57 percent of shoppers were "very" or "extremely" satisfied with their buying experiences during November and Dece...
Despite a slowdown in growth during 2001, particularly for the first six months, e-commerce sales will increase 57 percent this year compared to 2000, according toan upcoming report by research firm eMarketer In previewing the report Saturday, eMarketer co-founder Geoffrey Ramsey told the E-Commerce Times that Internet sales are now more dependent ...
eBay (Nasdaq: EBAY) said Sundayit will spend about US$120 million to buy a majority stake in Internet Auction Co. Ltd., Korea's largest auction Web site, giving the U.S. online auction giant a foothold in one of the world's biggest e-commerce markets The companies said the deal "combines two Internet pioneers committed to expanding online trading t...
Dell Computer Corp. (Nasdaq: DELL) was down 0.94 at 18.06 early Mondayfollowing reports that Bear Stearns cut estimates for the computer maker's2001 and 2002 earnings The firm reportedly lowered its outlook for Dell's 2001 earnings per share from 92 cents to 87 cents, and cut its forecast for 2002 earnings to 90cents per share from $1.05....
Yahoo! Inc. fell 1.06 to 28.50 Friday following reports that Merrill Lynchanalyst Henry Blodget said the company's new plan to start charging auctionuser fees will generate less revenue than he previously thought According to reports, Blodget lowered his estimate for the amount of moneythe fees will bring in this year from an original US$80 million...
VerticalNet, Inc. (Nasdaq: VERT) fell 1.34 to 3.97 early Monday after thee-commerce software maker said chief executive officer Joseph Galli resignedto become president and CEO of manufacturing company Newell Rubbermaid Galli, who joined VerticalNet last July, is being replaced by Michael Hagan,chief operating officer and a co-founder of the compan...
eBay users are a vocal, attentive lot. If Meg Whitman sneezes, they rush to the message boards to issue a "Bless You" en masse. But mostly, they use their electronic soapboxes to vent. Recently, those message boards overflowed with vitriol regarding eBay's newly reinforced policies restricting contact between eBay auction sellers and buyers in non...
Troubled toy e-tailer eToys (Nasdaq: ETYS) moved to the dot-com critical list Thursday, announcing that approximately 70 percent of the company's 1,000 employees have been informed that their jobs are being eliminated eToys said the layoffs were effective immediately for about 380 employees. The remaining number, approximately 320, will leave their...
A host of corporate titans including Microsoft, PepsiCo, DaimlerChrysler, and AT&T have signed a new protocol designed to eliminate some of the pitfalls of business-to-business (B2B) e-commerce The American Arbitration Association (AAA), which announced the "eCommerce Dispute Management Protocol: Principles for Managing Business-to-Business Relatio...
Traffic to e-tail sites during the just-concluded holiday shopping season spiked 30.3 percent from 1999 levels, with online retailers registering an average of 34.2 million unique visits each week, according to data released Friday by Internet measurement firm Media Metrix Moreover, the study found that the year-over-year increase at retail sites e...
Demonstrating that e-commerce blight is sweeping beyond e-tailers to claim casualties among the companies that serve them, e-commerce transactions services company CyberSource (Nasdaq: CYBS) announced Thursday that it is restructuring its operations and lowering fourth quarter revenue projections The Mountain View, California-based company said it ...
Security concerns and a lack of confidence in customer service are still the main issues keeping consumers from making online shopping a habit,according to data released Friday by NFO Interactive Seventy-two percent of people surveyed for the firm's "2000 Online Retail Monitor" study who said they were unlikely to buy anything online also said they...
Mercata.com, the buy-by-group e-tail site that enjoyed the early backing of Microsoft co-founder Paul Allen, said Thursday it will cease operations. The announcement came one day after Bellevue, Washington-based Mercata withdrew a US$100 million initial public offering (IPO), citing market conditions.
Musicmaker.com (Nasdaq: HITS) rose 1.75 to 4.62 Thursday after the onlinemusic provider said its directors approved a plan to dissolve the company Musicmaker said the board of directors decided that distributing the company's assets would provide shareholders with the greatest value of all the options examined. The decision was made in view of the ...
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