Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : BLUEFLY.COM(BFLY) -- Ignore unavailable to you. Want to Upgrade?

To: Still Rolling who wrote (431)	9/22/1999 9:21:00 AM
From: JustMy2Cents	Read Replies (1) \| Respond to of 487

<Show: MONEYLINE> <Date: September 21, 1999> <Time: 18:30:00> <Tran: 092100cb.l10> <Type: SHOW> <Head: Moneyline, CNNfn> <Sect: Business> <Byline: Willow Bay, Stuart Varney, Rhonda Schaffler, Ceci Rodgers, Bruce Francis, Steve Young, Fred Katayama, Dan Ronan, Bill Dorman, Susan Lisovicz, Greg Clarkin, Allan Dodds Frank) (Guest: Jim Leach, Andy Serwer, Fred Bergsten, Ron Chernow) KATAYAMA (voice-over): Two months before the holiday (19:03:40) shopping (19:03:50) season begins, on-line retailers are getting ready for a tidal wave of customers. Discount retailer Bluefly (Company: Bluefly Inc.; Ticker: BFLY; URL: bluefly.com , which expects to boost sales (19:04:00) tenfold, says it will quadruple the number of designer brands (19:04:10) available and hasten deliveries. JONATHAN MORRIS, EXEC. V.P., BLUEFLY.COM: From the fulfillment (19:04:20) side, we've recently moved warehouses to a larger, more sophisticatedfacility that will allow us to get the product out the door accurately (19:04:30) and quicker than we have in (19:04:40) the past. KATAYAMA: The research firm Jupiter Communications predicts on- (19:04:50) line holiday sales will nearly double this year to $6 billion, (19:05:00) accounting for 40 percent of the year's sales on the Internet. Ten- (19:05:10) million new shoppers are expected. KEN CASSAR, JUPITER COMMUNICATIONS: Back in 1997, people were (19:05:20) buying largely socks and underwear on-line. In 1998, they started tobuy khakis and Oxfords, and occasionally sweaters. In 1999, this (19:05:30) trend will probably continue. People will start to buy more and more (19:05:40) highly differentiated products. KATAYAMA (on (19:05:50) camera): And that differentiated lineup includes (19:06:00) home furnishings, the new entry that Web marketers predict will be a (19:06:10) big hit. The upscale cookware retailer Williams-Sonoma is expected to (19:06:20) unveil its new shops site in the fall. (voice-over): And America Online says (19:06:30) look for retailers to (19:06:40) offer incentives, everything from discounts to free shipping. ItsVirtual Mall will feature 3-D product demonstrations complete with (19:06:50) sound. On-line retailers will have to do more than that to keep (19:07:00) consumers happy. Jupiter reports that customer satisfaction has (19:07:10) declined from 88 percent last July to 61 percent this year. Retailers (19:07:20) are betting that faster loading Web sites, quicker deliveries andwider selection will help them hold on to customers (19:07:30) into the new (19:07:40) millennium. Fred Katayama, CNN Financial News, New York. (END VIDEOTAPE)