Latest News

Save E-mail Print Most Popular RSS Reprints

2Q online jewelry, watch sales drop

August 01, 2008

Similar Stories | Topics

Reston, Va.—U.S. retail e-commerce growth rates rebounded slightly in April (up 15 percent) after a soft March, but slowed again in May (up 12 percent) and June (up 11 percent), compared with the same periods last year, according to ComScore Inc.

Nonetheless, total U.S. online retail sales (excluding travel) reached approximately $31 billion in the second quarter of 2008.

"With the first round of the government's economic stimulus checks having been mailed in early May, one would have hoped they would have bolstered online spending in May and June," ComScore Chairman Gian Fulgoni said in a media release issued on Thursday. "However, recent ComScore research reveals that fully two thirds of consumers said they had not planned to spend their stimulus checks and rather intended to use the cash to pay off debt or put the money into savings."

In addition, Fulgoni said, it's likely the impact of the economic-stimulus checks might have been felt more in brick-and-mortar stores, where a variety of retailers made it easy for consumers to cash their checks.

Video games, consoles and accessories remains a high-performing online retail category, increasing 73 percent in the second quarter, compared with the same period last year, on the strength of consoles such as the Nintendo Wii.

Furniture, appliances and equipment (up 65 percent) was another top performer, while home and garden (up 23 percent), event tickets (up 22 percent) and sport and fitness (up 21 percent) also performed well.

Alternatively, categories such as flowers, greetings and miscellaneous gifts (down 10 percent), jewelry and watches (down 10 percent), computers, peripherals and PDAs (down 11 percent), toys and hobbies (down 11 percent), and music, movies and videos (down 20 percent), all experienced declines versus last year.
Save E-mail Print Most Popular RSS Reprints
Post a Comment
* Required field
* Author:
* Comment:
 

More Brand Profiles

Movado Lincoln Center Watch
Movado watch fetes 50 years of pirouettes, solos

A night out at the New York City Ballet or Jazz at Lincoln Center is bound to be memorable, but Movado hopes to help make it more so with a new version of its iconic "Museum" watch.  Read More

Raymond Weil forms U.S. distribution company
More News

More Like This

Online sales drop in 4Q but up 6 percent in '08
February 13, 2009 | National Jeweler Network
Study: Online holiday sales drop 3 percent
January 02, 2009 | National Jeweler Network
Study: Online holiday sales show relative strength
December 29, 2008 | National Jeweler Network
Study: Slight lull in online holiday sales
December 16, 2008 | National Jeweler Network
Study: Online sales up 7 percent
December 11, 2008 | National Jeweler Network

Design Portfolio

advertisement

Video

Small multi video player located on right rail of NJN site

advertisement

Sponsored by:

Retailer Toolbar

America's Best Jewelers
Join the ONLY Social Network for Jewelry Retailers. Get access to expert content, peer best practices, and more.
Start networking today.
Newsletters
Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.
Reader Connect
ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.
Jewelry Yellow Pages
Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.
Classifieds
Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.
NJN Customer Connect
CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.

advertisement