Lifestyle Magazine

Rapaport and comScore: 3rd Quarter Online Profits Up

By Raymondleejewelers @raymondleejwlrs

Great news for online retailers - Rapaport reports that internet retail sales grew to $36.3 billion – up 13% from last year. The third quarter, which ended in September.

Rapaport and comScore: 3rd Quarter Online Profits Up

According to Rapaport, “This healthy growth rate represented the eighth consecutive quarter of positive gains and the fourth consecutive quarter of double-digit growth rates.” The report comes from comScore, who stated that the main drivers of the increase were digital content and subscriptions, with jewelry, watches, event ticket and electronics rounding out the categories that each saw a 15% increase from 2010′s third quarter.

”The third quarter of 2011 saw a continuation of the year’s strength in U.S. retail e-commerce spending, even in the face of renewed economic headwinds and uncertainty facing the U.S. consumer,” said comScore’s chairman, Gian Fulgoni. ”As we approach the critical holiday shopping season, we are optimistic about the continued health of the e-commerce sector despite other factors.”

Those factors are, no surprise, the sluggish economic recovery and high unemployment rates. However, Etailers offer convenience and competitive pricing, something valuable to hard-pressed consumers. It also creates a platform for easy consumer awareness with uncomplicated ways to compare prices.

RLJ finds that our online store allows customers the ease of shopping from home (which isn’t always local to Boca Raton or even palm Beach county). It also allows our more tech-savvy consumers an option that fits with the lifestyle they’re comfortable with (one that increasingly is online). We still have our brick-and-mortar showroom for those customers who want the traditional jewelry purchasing experience, but out eBay store and watch site allow us to reach a much bigger audience.

Do you have an online store, jewelry or otherwise? And how do your numbers stack up to those reported by comScore and Rapaport?

Liz for Raymond Lee Jewelers, your source for luxury watches, estate jewelry and diamond industry news.

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • ✔635.Arbories Memorial Sports Ground

    ✔635.Arbories Memorial Sports Ground

    Padiham 4-0 Litherland REMYCANorth West Counties FL - Premier DivisionSaturday 22nd September 2018 Padiham was originally a rural village lying by the River... Read more

    The 23 September 2018 by   Smidrophenia
  • Eco Park


    Saturday wasn't a busy day. We didn't have any birthday parties, Brandon didn't have work to do, and our household chores weren't very many. Read more

    The 23 September 2018 by   Sherwoods
  • Coheed and Cambria with Protest the Hero and Crown Lands

    Coheed Cambria with Protest Hero Crown Lands

    Coheed and Cambria rolled into Toronto with their progressive metal sound on Thursday night for the Unheavenly Tour with Protest the Hero and Crown Lands. It wa... Read more

    The 23 September 2018 by   Phjoshua
  • Lockheed Martin C-130 Hercules

    Lockheed Martin C-130 Hercules

    @ Nellis AFB, NV November 2007 Two service members are silhouetted against the late afternoon sky after watching the Aviation Nation airshow from their unique... Read more

    The 23 September 2018 by   Htam
  • 10 Attributes Of The Ideal New Venture Job Candidate

    Attributes Ideal Venture Candidate

    In a corporate environment, the focus of a job interview has long been demonstrating your match to the skills and experience outlined in the job description. Read more

    The 23 September 2018 by   Martin Zwilling
  • BREAKING: It’s ‘Inconclusive’! INEC Says No Winner In Osun Governorship Election

    The Independent National Electoral Commission (INEC) has declared Saturday’s Osun State governorship election “inconclusive”. Announcing the results on Sunday... Read more

    The 23 September 2018 by   Naijapary
  • Whelmed Over

    Whelmed Over

    I have to admit I feel overwhelmed by the task. You see, I spent twelve years living in a town that went from one small used bookstore to none. Read more

    The 23 September 2018 by   Steveawiggins