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Kindle is the Most Gifted Item on Amazon Ever

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Amazon should be thankful for the Holiday season as it can rest easy on the stress brought about by Barnes & Noble’s Nook and Sony PRS e-Readers.  It looks like there are more Kindle owners right now than before as it is now the most gifted item on Amazon. And if this is not enough, on Christmas Day, Amazon achieved quite a record-breaking sale on Kindle books than the printed ones.

And no one could be more pleased than Amazon’s CEO Jeff Bezos as he claims:

“We are grateful to our customers for making Kindle the most gifted item ever in our history. On behalf of Amazon.com employees around the world, we wish everyone happy holidays and happy reading.”

I could just imagine Dan Brown grinning from ear to ear right now, since his new book “The Lost Symbol” is among the top-selling Kindle books on Amazon. And so did Sarah Palin’s “Going Rogue” and Kathryn Stockett’s “The Help.”

Going back to Amazon’s Holiday shopping report. It was noted the Amazon’s sales peak was on Dec. 14, when consumers flock to the site and ordered 7 million units of various Amazon products. Amazon shipped to over 178 countries on this day.

Aside from the Kindle, the 8GB iPod Touch, Garmin nuvi 260W 4.3-inch GPS unit are also among the hottest-selling Amazon Electronics products.

So, did you get any of these items as a Christmas gift?

Read the full Amazon PR here.

Originally posted on December 26, 2009 @ 5:38 pm

Luxury Goods Makers Resort to Private Online Shopping Site to Sell their Overstocks

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If there’s one good thing the came out of the recently ended recession, that has to be the proliferation of members-only online shopping sites. And guess who are supplying their wares? None other than the makers of luxury goods which have found a new avenue to sell their goods particularly the overstocks which remained in their inventory.

Thanks to private online shopping site such as Gilt Groupe, Rue La La, and Ideeli, luxury brands have found their way to fashionistas who were forced to tighten their belt during the economic recession. [Read more…]

Originally posted on November 5, 2009 @ 10:39 am

Online consumer reviews strongly affect offline buying behavior

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We already know most consumers rely on the Internet and unbiased consumer reviews before buying anything. What we don’t know is how significant is its impact to offline buying habits.

A new study of comScore and The Kelsey Group reveals that nearly one out of every four Internet users (24 percent) reported using online reviews prior to paying for a service delivered offline.

This study also showed that consumers were willing to pay between 20 percent and 99 percent more for an Excellent (5 star) rating than for a Good (4 star rating), depending on the product category.

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“This study underscores the importance of providing not just good, but excellent, service if a business hopes to generate positive consumer reviews which will result in greater sales,” said Brian Jurutka, senior director, comScore Marketing Solutions.

Read full details

Originally posted on November 30, 2007 @ 5:56 am

Consumers to spend less this holiday

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Although the latest report on U.S. retail e-commerce is positive, a new study conducted by Q Interactive reveals that more than 40 percent of consumers plan to spend less on holiday gifts than they did last year.

Among the 3,500 surveyed consumers, 45 percent intend to spend the same amount and only around 15 percent plan to increase their spending from last holiday season.

Of those who will spend less on holiday gifts, the 52 percent indicated the primary reason is they are “earning less money” and “have more expenses” this year. Other reasons for not spending as much this year include: “high gas prices” (11percent); “worried about the economy” (11 percent); and a feeling that “the holiday has become too commercial” (13 percent).

Even if nearly 80 percent of consumers report they will buy most their gifts at brick-and-mortar retailers, the Internet will still play a key role, however, as nearly 59 percent of consumers will research at least some of their gifts online and 19 percent will research all of their gifts online before purchasing them at an offline store.

Originally posted on November 14, 2007 @ 5:30 am

Shopping search engine TheFind.com buys female shopping site Glimpse

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Comparison shopping search engine TheFind.Com buys out female-powered startup Glimpse.com to add to its growing empire of shopping guide sites.

Based in Moutain View CA, TheFind continues its mission to deliver comprehensive results that would lead online shoppers to the right places through a technology they call “Product Ranking Engine.” With Glimpse reaching the cut for Time Magazine’s 50 Best Websites for 2007, this female shopping site is definitely an added asset as it continues to make fashion shopping easy to the vast female market across the web.

TheFind.com was launched last fall, and Glimpse.com just last April. There was no disclosure as to the amount of the buyout is concerned.

Originally posted on August 31, 2007 @ 5:16 am