E-Commerce Sales Rise As Buyers Flee Stores

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

No wonder Wal-Mart (WMT) has poor same-store sales and Circuit City (CC) is close to Chapter 11. All of the customers are moving online.

According to the new comScore stats, online retail sales moved up 23% in the third quarter to $28.4 billion.

Nintendo Wii sales helped pull dollars to internet retail sites. Video game and console revenue moved up 199%. Toy sales were up 57%. The Chinese will be glad to hear that.

Douglas A. McIntyre

Contact [email protected] for any questions or corrections.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Our $500K AI Portfolio

See us invest in our favorite AI stock ideas for free

Our Investment Portfolio

Continue Reading

Top Gaining Stocks

CRWD Vol: 11,701,074
GS Vol: 3,735,958
DELL Vol: 6,805,938
PANW Vol: 5,849,664
MPWR Vol: 776,650

Top Losing Stocks

IBM
IBM Vol: 66,272,632
CTRA Vol: 73,319,495
BIIB Vol: 3,818,441
HCA Vol: 4,193,027
ISRG Vol: 5,608,313