"More than $3.5 billion was spent online in March 2001, jumping 35.6 percent from $2.6 billion in April 2000, the researchers also said. Two product categories accounted for more than half the growth. Online travel spiked 58.5 percent to more than $1 billion in March, while clothing and apparel jumped 122.3 percent to $368 million. "Despite challenges in the U.S. economy, online spending is holding strong, even gaining four percentage points from February to March 2001," said Kaldor. Amazon.com (AMZN: news, msgs, alerts) was the biggest online retailer, handling 15.1 percent of all purchases. Ebay (EBAY: news, msgs, alerts) was second with 14.5 percent, and BMG.com came in third, garnering 4.3 percent of all online transactions."
i guess the web isn't dead. it's growing. most on wallstreet have died.
marketwatch.com |
