Although this Christmas was a letdown for the major retailers, online retailers experienced one of the best sales periods ever. Consumers are definitely worried about the possibility of a recession and looked for ways to spend less money for their holiday shopping. I believe that the lack of consumer confidence actually helped online retailers like amazon, overstock, and ebay. Many of these customers are new and will continue to use online shopping as their main channel for purchasing. This should lead to increased revenues in both the short and long term.
$34.42 (12/26/07)
