John Paczkowski

Recent Posts by John Paczkowski

"Best Holiday Season Ever" Actually Worst Holiday Season Ever

The 2008 holiday shopping season was one of the worst on record for the e-commerce sector–despite Amazon’s (AMZN) “best-holiday-season” ever pronouncements. Online retail spending declined three percent year-over-year, according to comScore (SCOR), which had expected sales to remain flat for the period beginning Nov. 1 and ending Dec. 23– the last day to purchase online with the possibility of delivery by Christmas Eve.

Online spending during this same period in 2007 topped out at $26.33 billion. In 2008, it fell to $25.53 billion.

“This marks the first time we’ve seen negative growth rates for the holiday season since we began tracking e-commerce in 2001,” said comScore chairman Gian Fulgoni. “The combination of having five fewer shopping days between Thanksgiving and Christmas and the severe economic headwinds faced by consumers has made this a really tough season for retailers, both offline and online.”

Obviously. Online spending for the fourth quarter–Oct. 1 to Dec. 28–is even worse than that of the holiday season. It fell four percent year-over-year to 36.8 billion, marking the first full quarter to record a negative growth rate since comScore first began tracking e-commerce.


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December 30, 2013 at 6:49 am PT

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December 29, 2013 at 2:12 pm PT

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December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus