Jan, 2003 : Online Retailers Report Increased Holiday Sales

📅 January 31, 2003 - With fewer shopping days between Thanksgiving and Christmas last year, consumers turned to the Internet in unprecedented numbers to fulfil their 2002 holiday shopping needs.

According to a BizRate.com (bizrate.com) survey, shoppers spent $7.9 billion online, an increase of 23 per cent over the same period a year earlier. The increase in Internet shopping emphasized the importance of secure and reliable Internet connectivity for companies that consider online sales a fundamental part of their business.
In a recent comScore survey, three of the most visited online retail sites entering the holiday season included DealTime, CoolSavings.com and BizRate.com. DealTime and BizRate are services that provides online price comparison, while CoolSavings.com provides online coupons.
"On an average day during this season, DealTime drove merchant referrals valued at more than $7.5 million per hour," said Amir Ashkenazi, Chief Technology Officer and co-Founder of DealTime, the world's leading shopping search engine.
In post holiday sales results, DealTime reported more than 15 million transactions during December while CoolSavings.com reported significant increases in bandwidth activity.

Reads: 1816 | Category: General | Source: TheWHIR : Web Host Industry Reviews
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