Thursday, January 05, 2006

Many online merchants reported record sales this past season?

Several online merchants reported record sales during the holiday shopping season, including online retail giant, which said popular items were iPod music players, video games, coats and jewelry.

Amazon said it had its best holiday sales season ever, with more than 108 million items ordered. The company's holiday statistics cover the period from Nov. 1 through Dec. 21.

The busiest day for the world's largest online store was Monday, Dec. 12, when more than 3.6 million items were ordered, or 41 items per second. The most expensive item purchased during the period was a pair of diamond earrings worth $94,000.

Overall, e-commerce was healthy in 2005, according to early returns. The U.S. Congress, meanwhile, spent at least a few minutes before heading off for its Christmas recess dealing with a bill that proposes sweeping changes to taxes imposed on online sales.

ComScore Networks reported that online retail spending between Nov. 1 and Dec. 21 totaled more than $17 billion, up 24 percent from a year earlier, while online spending for the week ending Dec. 18 rose nearly 30 percent from the same week a year earlier.

ComScore forecasts that online retail spending at U.S. Web sites will exceed $19 billion for the entire 2005 holiday season, representing growth of about 24 percent from the preceding year.

"We've had a nice holiday season," President Patrick Byrne said in a statement Tuesday, "just not as nice a season as we've had in the past or as I'd hoped for."
Best of New Years Wishes always,

Stephen Rene
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