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Platinax Internet >> Platinax Internet News
« Adware eats Adware | Main | Lycos: the debacle continues » December 08, 2004E-commerce strong with salesAccording to Internet Retailer: Online spending on U.S. Visa credit and debit cards for online purchases rose 34% year-to-year for the week ended Dec. 5, to $2.67 billion from $1.99 billion, Visa reports. Total spending on Visa cards rose 19%. What this shows is the irracible march of online sales, as the consumer is empowered with real choice of products and prices - very much in the vein of how the local grocer was squeezed out by the better ranges and pricing of supermarkets, so is e-commerce challenging physical stores in their entirety. This story also comes on the back of research by Hitware, which according to a report at Marketing Vox, also shows that there is a real movement to online shopping from people living in rural areas. The bottom line: freedom of choice empowers consumers. And the internet tremendously empowers the consumer. Posted by brian_turner at December 8, 2004 10:16 PM | Discuss this in the Business, Marketing & Search forumsTrackback PingsTrackBack URL for this entry: Comments |
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