All Top Banking

eCommerce Sales Up 19%

Posted by John B. Frank Saturday, December 20, 2008


Consumer technology e-commerce sales rose 19 percent in the first two weeks of the holiday shopping season, industry tracker NPD Group said Friday, providing a bit of good news in an otherwise gloomy period for retailers.

Online sales in the two weeks ended December 6 climbed to $700 million, with LCD TVs, notebook computers and digital cameras leading the way.

"It's up in an environment where everything else is down," said NPD analyst Stephen Baker. "The economy is in play because people at least perceive that pricing is cheaper online."

E-commerce sales showed strength even as traditional holiday sales are faltering.

Last week, NPD said U.S. consumer technology brick-and-mortar sales showed their first-ever decline during the week of Black Friday, from November 23 through November 29, falling more than 8 percent to $2.03 billion .

Baker said consumers continue to migrate to the Web to make their technology purchases. Online buyers tend to be higher-income and a bit more gadget-savvy, so it's not so surprising that e-commerce technology sales are faring better than traditional sales, he said.

Reblog this post [with Zemanta]

0 comments

Post a Comment

Powered by Blogger.

Blog Archive

Search This Blog

Our Manufacturing Facility

Learn More About Us

Find out how our patented technology can empower your financial institution.

Our secure two-factor online banking authentication eliminates dangerous passwords and usernames and replicates the same trusted process used to access cash at ATM's. (Insert Bank Issued Card, Enter Bank Issued PIN)

There is an R.O.I. as FI's also earn recurring revenue from each transaction conducted using our PCI 2.0 Certified PIN Entry Device. Our technology also provides a unique real-time P2P "Instant-Transfer" which allows your online banking customer to transfer cash from ANY of their bankcards to ANY other bankcard...with the Swipe of a card.

Help your bank eliminate phishing and your customers avoid identity theft by providing them with the ability to stop typing and start swiping. There is no safer way to conduct financial transactions online than by 3DES DUKPT encrypting the cardholder details, which we do at the mag-head "inside the box/outside the browser."

Total Pageviews

SLIM for PC or SmartPhone

SLIM for PC or SmartPhone
Click to Inquire

Chip and PIN eCommerce and Mobile

Chip and PIN eCommerce and Mobile
Click to Inquire

Kapersky Calls for Mass Adoption of Card Readers

Kapersky Calls for Mass Adoption of Card Readers

Translate This Blog

BobCaps

Search ePayment News (example: NFC)

About Me

My photo
Named one of the best Payment Industry News Blogs 4 Years Running

Feedjit

My Zimbio