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To: getgo234 who wrote (32356)1/3/1999 9:41:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
E-Commerce: It's Clicking

Marketing hoopla aside, 1998 will be remembered as the year E-commerce went
mainstream. But Internet selling's apparent success--estimates range from $2 billion
to as high as $5 billion for the holiday season--should not come as a surprise. Indeed,
the groundwork had been laid all year. And despite some glitches, odds are that
growth will keep climbing, with total sales to consumers expected to top $18 billion
for all of 1999, according to Forrester Research Inc., up from $7.8 billion this year.
By 2003, Forrester says, sales could reach $108 billion, accounting for 6% of
consumer retail spending. And those are conservative estimates.

Three things happened last year to give E-commerce a huge boost. First, more
households bought cheap PCs and came online. Second, more big-name retailers, such
as Gap, Macy's, and Nordstrom, expanded or put up new shopping sites,
supplementing pioneers such as Amazon.com and giving customers a much wider
selection of goods. Finally, the sites were dramatically improved over the course of
the year, making Net shopping far easier. So--click!--it all came together at
Christmas. There were, to be sure, problems, as some servers were unable to handle
the load. And some sites couldn't quite supply the goods to keep up with demand. But
Internet retailers such as eToys and Amazon tried to create goodwill with gift
certificates and information about delays and problems. If first-time customers had a
poor experience, it could be some time before they dip a toe in the water again. But
for those who had a pleasant experience there's no turning back. Nothing beats the
convenience of E-commerce.