Posts Tagged 'shopping'

Why do you shop online?

A news tidbit offered up some interesting numbers about Canadian shoppers.
Online shopping up to $15 billion (almost $13 billion in 2007)
The number of orders are up since 2007. (95 million from 70 million)
Men more likely to buy something online than women (42% compared to 37%).
Most common product being travel services.

So why do you shop online?
I do it mostly out of convenience. When I’m at work and I want to buy something I can do it by a click of a button. Biggest complaints about in store shopping: store stock, lineups, the people, and parking. Nothing is worse than driving to the mall to buy something on sale only to see that “out of stock” sign. Then I feel obligated to buy something to ensure that the whole trip was not a waste. Who likes coming home empty handed?

Lineups suck, plain and simple. Nobody likes to be stuck behind the chatty senior, or the lady shopping for a family of 12 and two shopping carts, or in the so called “express lane” where the cashier is waiting for a price check on an item. Lines suck.

People suck too. I’m talking about the rude, smelly, fat, talking loudly on your cell phone losers who you’re grouped together with all looking for that item on sale. Doesn’t it suck too when they get the last one just ahead of you? GGrrrrr.

OMG, over there, the holy grail of parking! Oh wait, that’s a handicapped zone. *sigh, keep circling. End up following someone to their car, only to have them take 10 minutes to buckle their seatbelt, and fix their hair, before even starting the car. Then you park, rush in to buy your item, find out it’s out of stock, get back to your car to see your car door dented because of the idiot who parked next to you. Who designs these parking spots to be so small in the first place?!

Free shipping almost always seals the deal for me. If you can offer me delivery to my door at no extra cost I am more likely to buy stuff from your website, even if it’s not on sale.

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Ready, set, shop

I guess I’ve been doing it all wrong. Work and play seem interchangeable at work but it seems that Wednesday is the prime time for everyone else. A British study concluded that most online activity occurs around 4PM on Wednesday. A noticeable increase in online shopping activity happens, as much as 50%. On the one hand productivity takes a hit. On the other, economic revenue is generated. It’s possible that it is tied to an emotional response. The middle of the week can be a bit of lull and hence making an “exciting” purchase may boost endorphins. Whatever you do, don’t ignore your work duties. Keep shopping but remember to finish up that Johnson report.

Best Buy profits rise, IN YOUR FACE COMPUSA!

Best Buy Co., the nation’s largest consumer electronics retailer, reported a 52-percent jump in third-quarter profits and it raised its guidance for the full year.

Best Buy’s third-quarter profit was well ahead of analyst expectations. TV prices fell less than last year. Best Buy added stores, but kept a lid on corporate expenses. And a fluke in the calendar plopped an extra week of post-Thanksgiving holiday shopping into the third quarter.

But what the calendar gave in the third quarter, it will take away in the fourth. Without giving formal quarterly guidance, interim Chief Financial Officer Jim Muehlbauer acknowledged on a conference call that the results implied fourth quarter earnings of $1.70 per share to $1.80 per share. Analysts expected $1.82.

The Richfield, Minn.-based company said the rapid revenue growth of the third quarter would slow in the fourth because the extra holiday shopping week falls in the third quarter, and because this year’s fourth quarter is one week shorter than last year’s.

Best Buy shares rose 48 cents to close at $51.62 after earlier falling as much as 3.7 percent. (link)


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