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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (15114)	12/1/2002 12:43:28 PM
From: Lizzie Tudor	Read Replies (2) of 57684

Looks like results for online shopping this xmas are also better than expected (the previous article had 35% increase at the high end of expectations)... Double-digit jump in sales indicators By CBS.MarketWatch.com SAN FRANCISCO (CBS.MW) -- The holiday shopping season leaped out of the gate, according to a nationwide sales report released Saturday. And an online sales gauge grew by more than one-third. .... For retailers depending on mouse clicks, projections of rising sales apparently were borne out. BizRate.com, which provides comparison shopping for Web surfers, said Saturday that 2,000 online merchants in its network reported sales of $234.2 million Friday, a 61 percent gain over the previous year's sales on the day after turkey day. BizRate said the November sales it measured through Friday are up 37 percent from a year earlier, at $5.4 billion. Online shopping is expected to grow quickly. Internet analysts predict that between 75 million and 79 million Americans will have bought online at some point during 2002, up from 65 million in 2001. New York-based Jupiter Research forecasts that U.S. online sales in November and December will rise to $13.1 billion, a 14 percent increase from a year ago. (this is the expecation, obviously lower than actuals) Most analysts think overall retail sales in the fourth quarter will grow by 3 or 4 percent, a lower rate than in years past, with same-store sales at traditional department stores expected to grow by only 1 or 2 percent. marketwatch.com

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