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 : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (10970)	12/22/1997 4:07:00 PM
From: Moonray	Read Replies (2) \| Respond to of 22053

Internet Sales Jump This Holiday Season, Retailers Report Silver Spring, Maryland, Dec. 22 (Bloomberg) -- Internet retail sales soared this holiday season, as more consumers preferred to shop from home, according to shop.org, an Internet retailers trade group. Several retailers on the World Wide Web saw sales explode before the holidays, shop.org said. Online sales of men's and women's clothes propelled Fashionmall.com's orders up 83 percent the weekend before Christmas. Garden Escape, which sells garden tools and accessories, said sales for the three days after Thanksgiving rose 3,500 percent from the same period last year. ''Consumer perception has finally caught up with the reality that shopping over the Internet, when using quality sites, is secure,'' said Garden Escape President Cliff Sharples. Total 1997 online sales are projected to more than triple to $2.6 billion from $706 million last year, said market researcher Jupiter Communications. ''1997 has shown tremendous growth for consumer acceptance and adoption of online transactions,'' said Robert Smith Jr., president of shop.org. Onsale, which auctions refurbished and overstocked items such as computers, said third-quarter merchandise sales rose to $32.3 million from $9.2 million in the year-earlier period. Shop.org said it expects to track members' online sales quarterly by late 1998. Founding members of shop.org are 1-800- Flowers, CDnow Inc., CyberShop International Inc., Eddie Bauer Inc., Fashionmall.com, Garden Escape, GolfWeb, Greet Street, iVillage, Onsale Inc. and Sony Online Ventures. o~~~ O