Mon, Nov 26, 2012 - Page 15 News List

E-shopping spikes in US holiday season

TERMS AND AGREEMENTS:While revenue from online shopping has gone up, retailers may also face higher costs in terms of shipping a larger number of packages to customers

Reuters, CHICAGO and SAN FRANCISCO

Its strong start this year is driven partly by the company’s success in attracting mobile shoppers through shopping apps on smart phones and tablets, Wingo said.

EBay on Saturday said that the volume of mobile transactions on its online marketplace jumped 153 percent on Black Friday compared with a year earlier.

PayPal, the payments division of EBay, saw Black Friday volume almost triple year-on-year.

More broadly, purchases from mobile devices accounted for 16.3 percent of online sales on Black Friday, up from 9.8 percent last year and 3.2 percent in 2010, IBM data show.

Apple’s iPads and iPhones led the charge, with owners using the devices to browse and buy on retailer Web sites.

Overall, the percentage of sales from online shopping is expected to rise.

However, while retailers bring in more revenue from online shopping, they may also face some higher costs in terms of shipping a larger number of packages to more shoppers.

Among tablets, iPads were the clear leader, generating 88.3 percent of traffic to retailers’ sites on Friday, followed by Barnes & Noble Inc’s Nook with 3.1 percent, Amazon.com Inc’s Kindle with 2.4 percent and Samsung Electronic Co’s Galaxy with 1.8 percent, IBM said.

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