Source 1
School children are taught how to access the Internet, but so are patrons of libraries, community centers, and senior citizen centers. Readily available Internet access has opened the door wide for the world of e-commerce.
Research by Jupiter Media Metrix showed that 13.4 million households banked online from July 2000 to July 2001, a 77.6 percent increase in one year alone. In late 2001 Jupiter predicted online sales would reach $104 billion in 2005.
An important difference between traditional business and e-commerce is the elimination of the middleman, known as disintermediation . Businesses and consumers can communicate directly to carry out transactions, which can help entrepreneurs market their products or services without the cost of salespeople or product representatives.
Some key terms to Digital Commerce: Shopping Cart, Security (SSL), Micropayments, and Electronic Wallets.
Source 2
November 2008December 1stGrowth
Retail Category42,92757,12933%
eBay8,93012,98145%
Amazon Sites5,8949,20756%
Wal-Mart3,5696,76690%
Target Corporation3,1084,80154%
Apple Inc.2,5673,68343%
Best Buy Sites1,2572,908131%
Dell1,5502,37253%
Toysrus Sites1,4322,16251%
OVERSTOCK.COM1,5192,05335%
Moviefone1,3151,96850%
Hewlett Packard1,0041,95294%
SEARS.COM1,0441,91183%
JCPenney Sites1,0131,87385%
Circuit City1,0201,62359%
Macy’s Inc.8231,57391%
AmericanGreetings8211,46178%
OLDNAVY.COM7431,38486%
NETFLIX.COM8081,31863%
Kohls Corporation7711,11344%
Limitedbrands6761,11064%
Source: comScore
Continued convenience and a clearer understanding of usage terms are expected to increase sales of gift cards by nearly $14 bln over the next five years, according to Packaged Facts. Gift cards, which lead the closed-loop segment of the $81 bln prepaid card market, have been gaining credit since 2002. Then, gift cards were categorized in the catch-all “other” category of in-store payments. In 2003, however, they became their own line item on the survey, accounting for 2% of all sales, a number that doubled in 2005. Nearly 35% of consumers who purchased gift cards in the last 12 months anticipate spending more on gift cards during the next 12 months, with 9.1% expecting to spend “significantly more.”
Sales during the day after Thanksgiving 2008 rose 3% to $10.6 bln, according to ShopperTrak RCT Corp., who tracks sales at more than 50,000 retail outlets. US shoppers spent about $10.3 bln on the day after Thanksgiving 2007.
School children are taught how to access the Internet, but so are patrons of libraries, community centers, and senior citizen centers. Readily available Internet access has opened the door wide for the world of e-commerce.
Research by Jupiter Media Metrix showed that 13.4 million households banked online from July 2000 to July 2001, a 77.6 percent increase in one year alone. In late 2001 Jupiter predicted online sales would reach $104 billion in 2005.
An important difference between traditional business and e-commerce is the elimination of the middleman, known as disintermediation . Businesses and consumers can communicate directly to carry out transactions, which can help entrepreneurs market their products or services without the cost of salespeople or product representatives.
Some key terms to Digital Commerce: Shopping Cart, Security (SSL), Micropayments, and Electronic Wallets.
Source 2
Fact recorded on: November 7, 2008. Categories: E-commerce.
Nearly half (49%) of those shoppers say they intend to do their holiday gift buying online, compared with 44% who plan to do so in-store, found the online survey of over 1,000 adults who shop online four or more times per year, spending at least $500 annually, according to ATG
US online retail sales are expected to rise 11% to $156 bln in 2009, excluding revenue from travel. However, that will mark a slowdown in the overall growth rate, which was 13% in 2008, when online retail sales totaled $141 bln, Forrester Research says.
| Germany | % Change in Average Weekly Visitors Versus 2008 Base Period Average | % Change in Average Weekly Visitors Versus Corresponding Weeks Last Year |
| Retail | 11% | -7% |
| eBay | 8% | -18% |
| Arcandor AG | 18% | N/A |
| Otto Gruppe | 28% | -10% |
| Amazon Sites | 21% | -15% |
| Apple Inc. | 22% | 10% |
| Source: comScore | ||
November 2008December 1stGrowth
Retail Category42,92757,12933%
eBay8,93012,98145%
Amazon Sites5,8949,20756%
Wal-Mart3,5696,76690%
Target Corporation3,1084,80154%
Apple Inc.2,5673,68343%
Best Buy Sites1,2572,908131%
Dell1,5502,37253%
Toysrus Sites1,4322,16251%
OVERSTOCK.COM1,5192,05335%
Moviefone1,3151,96850%
Hewlett Packard1,0041,95294%
SEARS.COM1,0441,91183%
JCPenney Sites1,0131,87385%
Circuit City1,0201,62359%
Macy’s Inc.8231,57391%
AmericanGreetings8211,46178%
OLDNAVY.COM7431,38486%
NETFLIX.COM8081,31863%
Kohls Corporation7711,11344%
Limitedbrands6761,11064%
Source: comScore
Continued convenience and a clearer understanding of usage terms are expected to increase sales of gift cards by nearly $14 bln over the next five years, according to Packaged Facts. Gift cards, which lead the closed-loop segment of the $81 bln prepaid card market, have been gaining credit since 2002. Then, gift cards were categorized in the catch-all “other” category of in-store payments. In 2003, however, they became their own line item on the survey, accounting for 2% of all sales, a number that doubled in 2005. Nearly 35% of consumers who purchased gift cards in the last 12 months anticipate spending more on gift cards during the next 12 months, with 9.1% expecting to spend “significantly more.”
Sales during the day after Thanksgiving 2008 rose 3% to $10.6 bln, according to ShopperTrak RCT Corp., who tracks sales at more than 50,000 retail outlets. US shoppers spent about $10.3 bln on the day after Thanksgiving 2007.
| Reason | Share | |
| Able to shop 24 hours a day | 76 | |
| Saves time | 74 | |
| Avoiding crowds | 65 | |
| Saves gas | 59 | |
| Sales/Discounts/Promotions | 55 | |
| Low prices | 53 | |
| Comparison shopping | 48 | |
| Selection | 40 | |
| Available product information | 37 | |
| Items are in stock | 37 | |
| Source: Nielsen | ||
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