“Walmart.com crashed for at least two hours after it released online-only specials at 5a.m. ET Friday. Wal-Mart said traffic increased sevenfold while the company only expected it to double.”
Jayne O’Donnell and Jon Swartz, USAToday, November 28, 2006
The rest of this article with its full content will be posted below for you to read. I thought this was very interesting and that our blog followers would want to read this. Orrin Woodward started an internet company back before it was fashionable and all along has been predicting the change in the marketplace which will drive more and more consumers to online retailers. Quite frankly we have been experiencing this type of growth now for years. It is just starting to hit mainstream media outlets how much holiday shopping has moved to online shopping and price comparisons.
With the advent of high speed internet access and proliferation of technology into the households not just in America but around the world the internet age is the new gold rush. Our site has experienced the same growth patterns over the last few years and continues to be upgraded to handle demand.
One aspect that I found compelling was that many people using online retailer websites were doing so for comparison shopping purposes. Price conscious consumers are engaged in online shopping looking for the best deal. With all the prices readily available a soccer mom can now save time by shopping online while obtaining the best prices in town without ever having to leave her home. As these market trends continue to expand stay tuned for updates and perspectives from Orrin Woodward.
For price conscious consumers the internet is not only offering the ease of shopping online but allowing price comparisons to take place over wide regional and national areas in the comfort of your home with the click of a mouse.
Online traffic surge downed some retailers websites
By: Jayne O’Donnell and Jon Swartz, USAToday, November 28, 2006
“Deal hungry shoppers flocked to the Internet on Monday, beating last year’s psot-thanksgiving pace and over-whelming a retail industry website offering hundreds of special offers. North American retail website traffic reached 2,145,558 visitors per minute at 2 p.m. ET Monday, says Internet service provider Akamai Technologies. That is up 19% from peak on Cyber Monday last year. Although traffic dipped around 5 p.m. ET, it was still over the 2 million visitors per minute at 9 p.m.
The Monday after Thanksgiving, when workers are back at their desks with their employers fast Internet connection, is considered the start of the online holiday shopping season. It was the second-busiest Internet shopping day in 2005, surpassed only by Dec, 12, that last day many online retailers offered free shipping for Christmas.
Most online retailers has “smooth sailing” says Ben Rushlo of Internet measurement firm Keynote. “But for those few with problems, they were among the most significant performance issues we have seen this year.”
Among them: Many shoppers couldn’t get onto the nation retail Federation’s Cyber-Monday.com, which has promotions from 400 retailers, late Monday morning and early afternoon.
Kimathi Marangu of MallNetworks, which operates the Cyber-Monday website, says the site was tweaked and servers added to keep up with the crush. “Its like opening up a few more checkout counters so more people could flow through,” he says. The site will remain active through Jan1.
Walmart.com crashed for at least two hours after it released online-only specials at 5 a.m. ET Friday. Wal-Mart said traffic increased sevenfold while the company only expected it to double.
Amazon.com had a 15-minute slowdown Thursday after it began offering Xboxes for $100, down from about $300. All 1,000 Xboxes available at that price were sold in 29 seconds! Three other specials, including a membership card of free two-day shipping and $100 toy gift certificate, sold out with 17 minutes.
“We just has dramatically more traffic than what we anticipated having for those deals,” says Amazon spokesman Craig Berman.
Macys.com was unavailable for an hour Friday, but it was a faulty server, not an overwhelmed one, that caused the problem, says spokesman Jim Sluzewski. Despite the problems, most of the 32 top online retailers “did very well,” says Rushlo. “It’s analogous to opening your doors to handle the long line outside.”
There is evidence that much of the online traffic was window shopping. Research by ThinkPartnership, and Internet marketing and Technology Company, showed more that 82% of those created online shopping carts by 3:30 p.m. Monday abandoned them before making a purchase. The average values of the abandoned carts: $42.18.”
Jon Miller, CEO of AOL said, "You can not change people's understanding of reality overnight. You can't simply walk into a situation where a company has had a single focus for its entire life, and then instantly make it something else altogether." Orrin Woodward has been actively discussing around the country the changing face of the American economic marketplace. Those who have listened or knew of this as well are primed to take advantage of this proliferation. Those who have not listened and will not change business practices from the 1970's are faced with marginalized markets, shrinking presence, and extinction.