WebProNews

Circuit City Goes Bankrupt

Just last week Circuit City announced the closing of 155 stores which meant 155 fewer music stores.  Today the retailer filed for Chapter 11 bankruptcy protection.  According to the Associated Press:

Holiday Online Retail Cracked $29 Billion

Non-travel spending during the 2007 holidays reached $29.2 billion despite a slow start in November.

Online Holiday Spending Reaches $22 Billion

Online holiday spending between November 1 and December 14 increased 18 percent compared to the same time period last year reaching $22 billion according to comScore.Monday, December 10 reached $881 million in sales (up33 percent versus last year), registering as the heaviest online spending day of the season and the heaviest online spending day on record.

Price Or Convenience? Maybe Both

Last month Nielsen Online released the results of survey suggesting that online shoppers prefer the convenience of online shopping as their main reason for participating. This month, another survey says that price is the most important factor.

Price Drives Online Holiday Shoppers

Price and free shipping are on the minds of online holiday shoppers this season. Forty-three percent said price was the most important factor and 18 percent cited free shipping, according to a recent survey by Synovate of Chicago for Guidance.

Ugg, Wii Obsess Holiday Searchers

The scarce Nintendo Wii ranked as the most searched-for item during the holidays, while Ugg boots drew the most luxury item queries.

Gen-Y Favor Electronics This Holiday Season

The majority of Generation-Y (70%) said they will shop both online and at retail stores this holiday season, according to a survey from market researcher Peanut Labs.

Web Retailers Keep Holiday Shoppers Merry

Holiday shoppers report higher satisfaction with the online shopping experience this week compared to both last week and last year, according to the ForeSee Results Holiday Retail Benchmark.

Google Checkout Extends Free Processing

Google Checkout, Google’s online payment system, is extending its free processing until February 1, 2008. The promotion was going to end on December 31, 2007. If you’re a Google Adwords customer for every dollar you spend on AdWords, you can process $10 of sales with Google Checkout for free. After that you’ll be charged 2.0% plus $0.20 per transaction no matter what credit card is used. There are no monthly, setup, or gateway fees.

Hitwise Looks At An Asia Pacific Holiday Season

It’s nearly Christmas, and that means it’s time for sales of boots and heavy hats to increase.  Unless, that is, you’re in the Asia Pacific, where new Hitwise data uncovered an interest in Crocs and Oakley sunglasses.