Given the severity of the problems in other markets, less mainstream attention has been placed on the state of the travel industry. Compete analyzed online activity within the air and hotel categories to identify if shifts are taking place in consumer interest in these products. The findings show a clear decline in online travel research activity, with actual booking and purchase activity also trending downward. Air and hotel shopper volumes (consumers researching but not necessarily purchasing) have both gone into negative territory compared to a year ago, a first for 2008. In each month of 2008 to this point, online...
After a tepid start, online holiday sales seem to be picking up a bit. Online sales on Cyber Monday as measured by comScore were a healthy $846 million, up 15 percent from last year’s Cyber Monday. Online sales since Thanksgiving are up 12 percent to $2.4 billion. But overall online sales in November of $12 billion are still down 2 percent. Can sales make up the difference over the next five weeks? As the chart above shows, holiday sales so far in 2008 (the red bars) are struggling to keep up with the levels we saw in 2007 (the...
I've starting to think about my annual predictions for the music industry and thought a good place to start were my predictions for this past year. Written 12 months ago in December of 2007, here they are and for a chuckle you can also look back at my predictions for 2007. HYPEBOT'S 10 MUSIC 2.0 PREDICTIONS FOR 2008 Despite major layoffs and promises of change, the EMI at the end of 2008 will look much like the EMI of today only smaller and with new faces at the helm. The major labels groups will try to buy their way out...
“We have big plans for the digital television business,” Canon CEO Fujio Mitarai said at a Canon exhibition in 2005. And with a new technology called surface-conduction electron-emitter display, and plans to use it to transform the lowly TV into a “multifunction information device,” Canon (CAJ) seemed well poised to execute them. At the time, anyway. A patent dispute with Applied Nanotech soon stalled SED TV’s commercial debut. Which was a nasty break for Canon. With a performance and picture quality said to be far higher than LCD or plasma, SED was vital to expanding the company’s presence in the...
Today, Sierra Wireless, the maker of wireless data cards agreed to spend about 218 euros ($274.9 million) buying Wavecom, the Paris-based maker of machine-to-machine communications chips. It’s a good move for Sierra, which paid a 108 percent premium over Wavecom’s last trading price, in order to beat rival bidder Gemalto. For Sierra, the deal gives it the ability to follow the growth of the web as it moves beyond people to machines — providing a new avenue for growth as Sierra sees interest in wireless cards fade as communications chips are embedded directly into laptops. A leader in this trend...
The holiday shopping season is officially upon us and for some online retailers, prospects may be rosier than expected thanks to heavy promotional activity to encourage spending (unfortunately also erode profit margins). On Thanksgiving, which has been the heaviest day of traffic to online retailers over the past 4 years, experienced an 11 percent decline in the market share of visits as compared to last year. The websites of brick & mortar retailers took a harder hit with a 16% decline as compared to last year, while traffic to web-only retailers was up 11%. For Black Friday, traffic to the...