Consumer online retail spending declined 3 percent this year, according to comScore, which had before predicted that online shopping would represent a bright spot in an otherwise dismal holiday shopping season by at the very least matching the spending output seen a year ago. , e-commerce spending slipped from $26.3 billion to $25.5 billion during the Nov. 1 through Dec. 23 time period versus last year (with Dec. 23 representing the last day consumers could make Web purchases that could arrive by Christmas). comScore pointed to the fact that a late Thanksgiving yielded five fewer shopping days between the traditional holiday shopping kickoff and Christmas.
But first and foremost it was the brutal economy that produced the very first decline in online holiday shopping recording by comScore since it began tracking such data back in 2001. Since that time, e-commerce figures have grown consistently as more Americans became comfortable shopping on the Web.
Not surprisingly, most major retailers saw holiday traffic decline on their sites in December (at the very least up until Dec. 24, per comScore). As an example, traffic to J.C. Penney's site slid 11 percent to 18.9 million one of a kind users, while the Toys 'R' Us' site dropped by 9 percent to just over 18 million one of a kinds. Circuit City's site was hit specifically hard, plunging by 21 percent to 15.5 million one of a kinds (rival Best Buy's site traffic was essentially flat).
There were exceptions. For instance, red-hot Apple.com's traffic soared by 19 percent to 35 million users in December. Mega-retailer Amazon.com appears to have appreciateed a strong holiday season as well, as its user-base climbead 7 percent to a whopping 76.2 million one of a kinds. The online auction giant eBay led all retail sites with 85.4 million visitors, though its traffic was down 4 percent versus last year.
In 1990 Tim Berners-Lee developed the very first World Wide Web server and browser. It opened to commercial use in 1991. In 1994 other advances took place, such as online banking and the opening of an online pizza shop by Pizza Hut. In the same year, Netscape introduced SSL encryption of data transferred online, which has become crucial for secure online shopping. In 1995 Amazon expanded its online shopping, and in 1996 eBay appeared on the scene. More recently Overstock has also become one of the world's biggest and dependable online shopping stores.
The term 'webshop' has a number of meanings as a noun. An online retailer may be called a 'webshop'. Web development, hosting and other web-related activities can be called 'webshops.' The word 'webshop' is also used as a verb- 'I will webshop for that.' Purchasing online grew because, over time, transportation costs went up and telecom costs went down and access to the Internet became the norm. Online retail provides a larger selection of goods and services and thus greater choice at optimal prices. The dificulties with online shopping are that you can not taste, touch, smell, or try on what you are purchasing.