Online spendings in US grew by 19%
If someone still wonders where are those lost 21% of CD sales, here’s the answer: US sales from internet retailers rose 19% between 1 November and 27 December compared with the same period of 2006, a report estimated. The online information group comScore said that online spending excluding travel and auctions came in at almost $28bn (£14bn). It said that the growth is impressive given the current economic problems. But the 19% growth was well below last year’s rate of 26%, which the firm blamed on warm weather in November.
“Warm weather during the early part of November took its toll on online retail sales, and played a role in holding down the growth in spending over the entire holiday season,” said comScore chairman Gian Fulgoni. “However, if we look at the period between Thanksgiving and Christmas, we see online spending growing at a healthier 21% rate, which I think is encouraging given the economic challenges facing consumers this year as a result of higher gas prices, lower home values and a jittery stock market.” Do you still wonder about all those new eshops being launched every day?
Source: BBC
Comments(7)
Personally I wouldn’t have said this was tech news as it’s not about technology per se, it’s really financial or business news, so maybe Off Topic.
I don’t give a sh*t about profit bottom line.
@Tito – 1St = FTC (First to comment -Duh!)
I am a big spender on the “shopping” internet! the convenience is incredible.
I am afraid that the future for books and music is bleak with online sharing. Unless the copyright holders resign to smaller profits and allow streaming data, music and video cheaply on the net… the industry is going to vanish! A self limiting factor.
We want the stuff but its a new price level that the industry must accept to continue life!
^ The future of music and books is bleak?
Yeah right, they said radio would kill books too. I’d rather hold something solid in my hand than look at a screen.
er.. both at the same time doesn’t count.
ORIGINAL ARTICLE LINK PLEASE
It’s easy, look:
http://news.bbc.co.uk/1/hi/business/7165608.stm
Now we can see the first and last bits are commentary by Martin, the rest is copy. Seriously, please post links to sources, so people know your news is legit. Otherwise what’s the point?
You’re not the Wall Street Journal that everyone is expected to believe everything written here. And it’s good to make people look deeper into news stories instead of being mindless sponges watching television.
@4
I gather your new to ReleaseLog…?
Quite clearly, anyone could find the link to BBC’s website when the source is specified under the article!
QUOTE:”Source: BBC”
But it just seems to me like too many children use this site. Ever think that perhaps Martin didnt want to promote the Link by giving it to everyone? RLSLOG is not an advertising or marketing site. Purely an information source. Some want it, some may not. What’s the point is posting useless comments about the Volunteers on RLSLOG that bring you priceless information everyday. If it’s not something your interested…
DONT READ IT! IT AINT ROCKET IS IT!?
RLSLOG Users, please grow up!
Big thanks from me for all the information RLSLOG has given me, you are my first port of call!
I agree on the original link. Bad sources in articles created such things as clima-change due to co2 …
Quote: “RLSLOG Users, please grow up!”
Problem is, we are the once who are grown up and knows how to handle information. As an makro economist i find this interesting, tho it’s hard to trust without the source.
Have a nice day.