BizRate.com Reports That Online Shopping Surges Over Thanksgiving Weekend.Business Editors/High-Tech Writers LOS ANGELES--(BUSINESS WIRE)--Dec. 2, 2002 The Thanksgiving Thanksgiving annual U.S. holiday celebrating harvest and yearly blessings; originated with Pilgrims (1621). [Am. Culture: EB, IX: 922] See : America Thanksgiving national holiday with luxurious dinner as chief ritual. [Am. Pop. Weekend (Friday, November 29th, to Sunday, December 1st) was an online success story with sales totaling $679.3 million in 2002 versus $438.3 million in 2001 -- up by 55%, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. leading comparison shopping site BizRate.com. Chuck Davis  This article or section contains information about one or more candidates in an upcoming or ongoing election.Content may change as the election approaches. Charles E. , president and chief executive officer of BizRate.com, said, "Since Thanksgiving 2002 fell six calendar days later than last year's Thanksgiving, this particular three-day shopping-fest got an extra boost from having a `December day' occur in the Thanksgiving Weekend." Sunday, December 1st, produced one of the highest online retail days for the year to date, ratcheting up $235.7 million in online sales and beating Black Friday Black Friday, Sept. 24, 1869, in U.S. history, day of financial panic. In 1869 a small group of American financial speculators, including Jay Gould and James Fisk, sought the support of federal officials of the Grant administration in a drive to corner the gold spending (Friday, November 29), which produced a spike of $234.2 million. Online spending has been brisk Brisk as a proper name may refer to:
Nearly half (49%) of all purchases made during Thanksgiving Weekend were influenced by free shipping deals, compared to only 38% last year. "Many consumers, exhausted from the crowds at the mall on Black Friday, decided to point their shopping carts online on Sunday, where there was no need to rummage in the discount racks to get a good deal. This year's shopper has been more deal-centric that ever and has found online shopping to be the perfect medium to deal-hunt in a civilized civ·i·lized adj. 1. Having a highly developed society and culture. 2. Showing evidence of moral and intellectual advancement; humane, ethical, and reasonable: manner," concluded Davis. BizRate.com's site alone has over 138 free shipping sites featured, about 20% more than the same time last year. The top shopping categories at BizRate.com on Sunday were Computer Hardware, Electronics, Home & Garden, and Toys & Games. The most searched for products in those categories included digital cameras, DVD players A stand-alone device that plays DVDs. It contains a DVD drive and the electronics to decode the digital video. The device may play only manufactured DVDs, or it may be able to play DVD-R, DVD-RW and DVD+RW discs. DVD players are cabled to a TV or home theater system for display. , camcorders, bedding and action figures. Hardware Electronics Home & Garden Toys & Games Digital Cameras Camcorders Bedding Action Figures Printers DVD Players Home Accents Dolls PDAs & Handhelds Cameras Furniture Games & Puzzles (Source: BizRate.com's Comparison Shopping Marketplace) BizRate projects that Monday, December 9, 2002, will be the peak online shopping day, with sales of $387.7 million. Last year, the peak shopping day was December 10, 2001, with $253.8 million in sales. BizRate.com forecasts holiday sales of $8.0 billion this year versus 2001's holiday sales of $6.4 billion. For the fourth quarter, BizRate.com projects a 35% increase to $16.8 billion versus the same quarter last year. Forecast: Period Sales (in MM) Year-Over-Year Growth Q4 2002 (Forecasted) $16,817 35% Holiday Season (Forecasted) $7,998 24% 11/25/02 - 12/25/02 Versus 11/19/01 - 12/25/01 Total Year 2002 (Forecasted) $47,358 32% About BizRate.com's Methodology BizRate.com, the leading comparison shopping site on the Web, monitors online sales and orders daily through point-of-sale and fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. surveys completed by actual online shoppers of more than 2,000 leading retailers online. Sales are calculated from domestic online retail sales of new products and exclude travel. About BizRate.com Founded in 1996 and based in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , BizRate.com (www.bizrate.com) is the leading comparison shopping site on the Web, and a leading provider of e-commerce research. The BizRate.com site offers shoppers best-of-breed comparison shopping features, including user-friendly Smiley See emoticon. smiley - emoticon Scale(TM) merchant reliability ratings compiled from a vast proprietary feedback network consisting of over 2,000 stores, who allow BizRate to solicit direct feedback at the point-of-sale and after fulfillment from over 10 million customers each month. In addition to merchant reliability information, BizRate.com offers product specs (SPECificationS) The details of the components built into a device. See specification. , consumer ratings and reviews of products, a comprehensive price comparison, including taxes, shipping and handling, as well as hundreds of special offers across 20 popular shopping categories. Consistently ranked in the top 5 e-commerce sites on the Web, BizRate.com is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . BizRate.com ratings appear on Consumer Reports Online and in Consumer Reports magazine. For online retail sales, orders, purchase amounts, satisfaction and behavioral data and more, contact Helen Malani at 310/754-1280. BizRate.com's PR Team will be will be available (9 a.m. - 6 p.m.) throughout the Holiday Season (Nov. 25 - Dec. 25). |
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