This, the first of our regional blogs, is authored by the technology and financial journalist Dominic Basulto. Dominic is a New York native, has been a senior editor at Corante since day one and has written for a number of online and offline media companies. Send tips or story ideas to: basulto@gmail.com.
About this weblog
Here we'll report daily on the latest tech and business developments in New York City. Impossible we concede: comprehensive coverage of the city's every story. What we hope you'll find: tips, tidbits and perspectives you won't find elsewhere. As well as unique insights, original interviews and more that should be of interest to New York's vibrant community of technologists and those who track, invest in and report on them.
Well, if it's November, it's almost time for newspapers, magazines and Websites to start publishing their holiday shopping lists, which will no doubt feature prominently items like the iPod Nano and the video iPod. On Friday, the Direct Marketing Association kicked off things with a preview of the upcoming holiday shopping season, estimating that Americans will spend $299 billion on holiday gifts this year. Internet retailers, rejoice! The trend is your friend:
More than two-thirds of Americans (70%) will shop from home, buying from catalogs, over the Internet, over the phone, or through the mail
Books/Music/Videos are the most popular online purchases, with 55% of online shoppers buying these items on the Web
63% of shoppers cite convenience as the reason they shop via catalogs, the Internet, mail, or phone
Oh, and 97% of Americans plan to shop for holiday gifts in 2005. The remaining 3%? Well, they're either waiting for the holiday discount sales in 2006 or they're just plain Grinches.
TrackBack URL:
http://www.corante.com/cgi-bin/mt/external.cgi/31847