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(C|Net) Interesting Online shopping hits record $6.3 billion last week as half of people making purchases actually used their own credit cards   (news.cnet.com) divider line 12
More: Interesting, hit records, Cyber Monday, online retailers, Ina Fried, credit cards  
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260 clicks; posted to Business » on 22 Dec 2011 at 12:04 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



12 Comments   (+0 »)
   
 
AcneVulgaris
2011-12-22 12:17:17 PM
Amazon probably hired that lady to pepper spray her fellow shoppers at Walmart.
 
Incontinent_dog_and_monkey_rodeo
2011-12-22 12:27:28 PM
I wonder how many people are maxing out their cards for "one last good Christmas" before bankruptcy?
 
INeedAName
2011-12-22 12:36:09 PM
Incontinent_dog_and_monkey_rodeo: I wonder how many people are maxing out their cards for "one last good Christmas" before bankruptcy?

It saddens me that, for the many people, it has simply become 'who can buy the biggest/best' gift. I gave my a fiance a used Gamecube and Mario Kart: Double Dash (its the first video game system she's ever owned) and she loves it!
 
GanjSmokr
2011-12-22 12:54:54 PM
Will be interesting to see the return rates. I read something saying quite a bit was returned after the blackfriday/cybermonday combo after people realized they couldn't actually afford what they bought.
 
Carth
2011-12-22 01:03:36 PM
GanjSmokr: Will be interesting to see the return rates. I read something saying quite a bit was returned after the blackfriday/cybermonday combo after people realized they couldn't actually afford what they bought.

I heard people were returning things they bought in stores when they realized it was cheaper online.
 
GanjSmokr
2011-12-22 01:10:27 PM
Carth: GanjSmokr: Will be interesting to see the return rates. I read something saying quite a bit was returned after the blackfriday/cybermonday combo after people realized they couldn't actually afford what they bought.

I heard people were returning things they bought in stores when they realized it was cheaper online.

That would not surprise me either... maybe a little from both columns was the case.
 
SearchN
2011-12-22 02:26:56 PM
GanjSmokr: Carth: GanjSmokr: Will be interesting to see the return rates. I read something saying quite a bit was returned after the blackfriday/cybermonday combo after people realized they couldn't actually afford what they bought.

I heard people were returning things they bought in stores when they realized it was cheaper online.

That would not surprise me either... maybe a little from both columns was the case.

From someone working in ecomm.. Not really seeing a pick up on returns vs the amount going out the door. I am seeing a hell of a lot more traffic though, but the numbers are showing normal return rates.

/Yes, I do know what the hell I am talking about.
//Get back to me after Christmas/Boxing Day hits.
 
GanjSmokr
2011-12-22 02:34:44 PM
SearchN: GanjSmokr: Carth: GanjSmokr: Will be interesting to see the return rates. I read something saying quite a bit was returned after the blackfriday/cybermonday combo after people realized they couldn't actually afford what they bought.

I heard people were returning things they bought in stores when they realized it was cheaper online.

That would not surprise me either... maybe a little from both columns was the case.

From someone working in ecomm.. Not really seeing a pick up on returns vs the amount going out the door. I am seeing a hell of a lot more traffic though, but the numbers are showing normal return rates.

/Yes, I do know what the hell I am talking about.
//Get back to me after Christmas/Boxing Day hits.

Not to argue with your expertise, but I was basing my opinion on articles like this (new window)
 
HotIgneous Intruder
2011-12-22 03:07:21 PM
Debt and transaction fees are fuquing awesome.
 
SearchN
2011-12-22 06:03:46 PM
GanjSmokr: SearchN: GanjSmokr: Carth: GanjSmokr: Will be interesting to see the return rates. I read something saying quite a bit was returned after the blackfriday/cybermonday combo after people realized they couldn't actually afford what they bought.

I heard people were returning things they bought in stores when they realized it was cheaper online.

That would not surprise me either... maybe a little from both columns was the case.

From someone working in ecomm.. Not really seeing a pick up on returns vs the amount going out the door. I am seeing a hell of a lot more traffic though, but the numbers are showing normal return rates.

/Yes, I do know what the hell I am talking about.
//Get back to me after Christmas/Boxing Day hits.

Not to argue with your expertise, but I was basing my opinion on articles like this (new window)

Article not linked, care to elaborate?
 
GanjSmokr
2011-12-22 06:26:25 PM
SearchN: GanjSmokr: SearchN: GanjSmokr: Carth: GanjSmokr: Will be interesting to see the return rates. I read something saying quite a bit was returned after the blackfriday/cybermonday combo after people realized they couldn't actually afford what they bought.

I heard people were returning things they bought in stores when they realized it was cheaper online.

That would not surprise me either... maybe a little from both columns was the case.

From someone working in ecomm.. Not really seeing a pick up on returns vs the amount going out the door. I am seeing a hell of a lot more traffic though, but the numbers are showing normal return rates.

/Yes, I do know what the hell I am talking about.
//Get back to me after Christmas/Boxing Day hits.

Not to argue with your expertise, but I was basing my opinion on articles like this (new window)

Article not linked, care to elaborate?

Article opened just fine for me from the link in my post......

According to the National Retail Federation, almost 10% of sales will disappear as shoppers return unwanted purchases. In more normal economic times, stores have to give back around 7% of sales to consumers. But with returns more frequent this year, stores will see $217 billion in merchandise returned, up from $190 billion last year.

The rate has ticked up slightly from last year, but it appears we're returning items even sooner these days. And it's no wonder, considering Black Friday started on Thursday this year, with Amazon even starting its holiday discounts weeks before Thanksgiving. We hit record holiday spending numbers this year, and those deep discounts almost certainly caused consumers to break out their wallets for items they wouldn't have purchased otherwise. Now, some are realizing they overstretched their budgets and are looking for some of that cash back.
 
SearchN
2011-12-22 09:40:37 PM
GanjSmokr:

Thanks.As I said, not noticing an uptake in returns for me. Interesting numbers though.
 
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