The industry body for global e-retailing Interactive Media in Retail Group (IMRG) has found that online retail sales in the UK have fallen for a second consecutive month.
Online sales fell 4.4% from January 2002 to February 2002, bringing the total amount spent online in February to GBP397m. The decline was reportedly not as severe as the previous one of 17% from December 2001 to January 2002, however.
February 2002 sales figure were 85.4% higher than in February 2001, down from the 133% increase reported during the second half of 2001.
Friday, October 5, 2007
Behind the music: a music site's uploading tool cranks up the sales volume to get things rocking and rolling
DAVE STACK traded a dotcom gig for the music biz when he opened an online music marketplace, Music Stack (www.musicstack.com), and tuned up the buying and selling technology behind the music.
MusicStack is a collection of record stores, all competing on price and selection, offering both new and used music. "Worrying about fresh inventory is not a problem," says Stack of his $5 million business. An uploading function updates site selections in real time and allows the site's 3,000 sellers to manage their own wares.
"The sheer volume of items on the site makes me different," adds the 34-year-old programmer. With 15 million items, including CDs, vinyl, Mini-Discs and 8-tracks, Stack's storefront eclipses retail giants Amazon.com and eBay.
The site runs itself while Stack tweaks the back-end tools from home base--an extra space in his Cleveland home. There, Stack watches sales soar to the tune of 1,000 items each day. Gone are the days of building inventory by personally visiting record shops. Says Stack, "Now sellers find me."
MusicStack is a collection of record stores, all competing on price and selection, offering both new and used music. "Worrying about fresh inventory is not a problem," says Stack of his $5 million business. An uploading function updates site selections in real time and allows the site's 3,000 sellers to manage their own wares.
"The sheer volume of items on the site makes me different," adds the 34-year-old programmer. With 15 million items, including CDs, vinyl, Mini-Discs and 8-tracks, Stack's storefront eclipses retail giants Amazon.com and eBay.
The site runs itself while Stack tweaks the back-end tools from home base--an extra space in his Cleveland home. There, Stack watches sales soar to the tune of 1,000 items each day. Gone are the days of building inventory by personally visiting record shops. Says Stack, "Now sellers find me."
Online Retail Sales Continue to Rise
Sluggish economy or not, online retail sales continue to surge upward, according to the latest data from BizRate.com.
Average order size is slightly down though, from $145 to $142.
ComScore Networks reported a similar increase, tallying last week's online shopping at $1.5 billion, up 41 percent from the same week last year. "Black Monday," the Monday after Thanksgiving, saw a 49 percent increase year-to-year, to $380 million.
For last week, the home and garden category saw the biggest year-to-year increase, up 114 percent. Online sales of computer hardware however were flat year to year.
Average order size is slightly down though, from $145 to $142.
ComScore Networks reported a similar increase, tallying last week's online shopping at $1.5 billion, up 41 percent from the same week last year. "Black Monday," the Monday after Thanksgiving, saw a 49 percent increase year-to-year, to $380 million.
For last week, the home and garden category saw the biggest year-to-year increase, up 114 percent. Online sales of computer hardware however were flat year to year.
Subscribe to:
Posts (Atom)
Posts
