CONSUMER INTERNET SPENDING TOPS $5 BILLION DURING HOLIDAY SEASON.Post-Holiday Spending Returns To $540 Million Weekly Level Holiday Internet spending during 1999 topped $5 billion, 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. a PC Data Online weekly web retail study conducted throughout the Holiday season. The study also showed that home Internet shoppers spent $542 million during the week immediately following Christmas, returning spending to 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. week levels when the web Holiday splurge began. An Internet research This article is about using the Internet for research; for the field of research about the Internet, see Internet studies. Internet research is the practice of using the Internet, especially the World Wide Web, for research. firm specializing in web commerce, PC Data Online surveyed 2,603 home-based Internet users Internet user n → internauta m/f Internet user Internet n → internaute m/f about their online web buying habits between December 27, 1999 and January 2, 2000. "With over $5 billion spent online in two months, the challenge for most retail 'dot-coms' shifts now to trying to maintain this momentum within a very crowded Internet retail market," says Cameron Meierhoefer, Internet analyst for PC Data Online. "Consumers may shift more of their non-gift spending to the web after mostly positive experiences during the Holiday crunch (1) To process data. See number crunching. (2) To compress data. See data compression. 1. (jargon) crunch - To process, usually in a time-consuming or complicated way. . For some of the up-and-coming sites, it's an open opportunity to lock in some customers." In web retail two weeks ago, toy sites expectedly experienced a substantial drop in activity, but home-based online buyers instead purchased from computer software, music and book sites. They also increased online spending of computer hardware, flowers/cards, health and beauty items and electronics. "It is too early to tell if this boom in online shopping will have additional effects on consumer buying patterns. More people than ever discovered online buying and the expanded offerings now available on the web," says Meierhoefer. "With our categorical That which is unqualified or unconditional. A categorical imperative is a rule, command, or moral obligation that is absolutely and universally binding. Categorical is also used to describe programs limited to or designed for certain classes of people. week-by-week data from the Holiday season, a baseline is now in place for interpreting any expansion of spending into new categories." |
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