SI
SI
discoversearch

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 : Open Market (OMKT) -- Ignore unavailable to you. Want to Upgrade?


To: joe inti who wrote (887)1/5/1999 8:02:00 AM
From: steve poon  Read Replies (1) | Respond to of 2004
 
thestandard.net
Zona Sees Online Shopping Up
191 Percent

By Jana Sanchez-Klein

LONDON – The average Internet user's online
holiday spending rose from $216 last year to $629
in 1998, an increase of 191 percent, according to a
survey of 1,000 Internet users conducted by Zona
Research.

Spending and spending growth was highest among
those respondents aged over 50, Zona said in a
press statement issued today. Growth and
spending was lowest among those under 25, said
Zona. Spending for those aged 50 to 54 rocketed
from $97 in 1997 to $626 in 1998, an increase of
545 percent, and spending for those over 55 swelled
to $1,819 from just $281 last year. Those
respondents aged less than 25 spent only $210 per
person, up 36 percent over last year's spend of
$154.

While men online still spend more on average than
do women, women's online buying rose far more
dramatically, said Zona. Women spent an average
of $543 online, which was an increase of 309
percent over last year. Men's spending rose 145
percent to reach $707, said Zona.

"We think these results indicate the critical role
Web shopping is beginning to play in the U.S.
economy," said Jack Staff, Zona director and chief
economist in the statement. "Internet-based
commerce is beginning to encroach on retail as a
viable shopping experience for increasing numbers
of Americans."

Online shopping seems certain to grow further next
year, since 61 percent of the respondents said they
expected to spend more money online in the
coming year, said Zona.

About three-quarters of the online purchases were
books, music and videotapes and nearly half were
computer-related items, said Zona. Other significant
purchases were clothing, consumer electronics,
food and beverages, travel and tourism, personal
care products and flowers.

More than half of the respondents said they were
shopping online to save time or money and most
reported receiving their purchases quickly, said
Zona.

Jana Sanchez-Klein writes for the IDG News
Service.

Get the Magazine -- 8 RISK-FREE
Issues