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Entries in E-Commerce (2)

Monday
Dec272010

The Season Was Very Good for Online Sales

Photo Courtesy - ROBYN BECK/AFP/Getty Images(NEW YORK) -- E-commerce enjoyed its best holiday season yet, as consumers spent an estimated $36.4 billion, according to a report from MasterCard research firm SpendingPulse. Overall, spending rose 15.4 percent during the shopping season that lasted from October 31-December 24, compared to the same period in 2009.

SpendingPulse Vice President Michael McNamara said “e-commerce accounts for a much larger share of overall retail sales compared to a few years ago. And during this holiday season, it registered double-digit growth for six out of seven weeks.”

There were six days over the past two months that spending exceeded $1 billion. Last year, the billion dollar threshold was only reached three times. Meanwhile, clothing was the biggest seller this year, accounting for 18.8 percent of all sales. Electronics also saw purchases up more than 12 percent from 2009 and there was an 11 percent increase in online department stores sales.

Copyright 2010 ABC News Radio

Wednesday
Nov172010

Google Unveils New Fashion E-Commerce Site

Photo Courtesy - Boutiques [dot] com/ Google(MOUNTAIN VIEW, Calif.) -- As many in the fashion world expected, Google took the wraps off of a new fashion e-commerce site, Boutiques.com, on Wednesday.

Launched with technology made possible by Google's summer acquisition of Like.com, a shopping site with a sophisticated visual search program, the new site lets visitors not only browse colorful virtual boutiques set up by celebrities and designers but create -- and share -- their own personalized online shops.

Visitors to Boutiques.com don't actually complete purchases on the site, but it makes it easy and intuitive for shoppers to identify and search for their favorite styles and items.  It also lets them follow the styles of designer, celebrity and fashion blogger "tastemakers."

Boutiques.com makes money when shoppers click through to other e-retailers or brands' online stores.

Copyright 2010 ABC News Radio







ABC News Radio