Business

Computer products e-tailer Egghead.com said Monday that no credit card data was breached when its systems were broken into in an alleged hacking last month. Egghead did concede that some credit card accounts that appear in its system had shown questionable activity, but that it was unrelated to the...

More than 90 percent of online shoppers were satisfied with their holiday shopping experiences and more than two-thirds plan to buy online again soon, according to a report released Monday by the NPD Group. The NPD e-Visory shows that 57 percent of shoppers were "very" or "extremely" satisfied...

Despite a slowdown in growth during 2001, particularly for the first six months, e-commerce sales will increase 57 percent this year compared to 2000, according to an upcoming report by research firm eMarketer. In previewing the report Saturday, eMarketer co-founder Geoffrey Ramsey told the E-Comme...

eBay said Sunday it will spend about US$120 million to buy a majority stake in Internet Auction Co. Ltd., Korea's largest auction Web site, giving the U.S. online auction giant a foothold in one of the world's biggest e-commerce markets. With about one-third of its citizens online, South Korea is t...

Troubled toy e-tailer eToys (Nasdaq: ETYS) moved to the dot-com critical list Thursday, announcing that approximately 70 percent of the company's 1,000 employees have been informed that their jobs are being eliminated. eToys said the layoffs were effective immediately for about 380 employees. The re...

A host of corporate titans including Microsoft, PepsiCo, DaimlerChrysler, and AT&T have signed a new protocol designed to eliminate some of the pitfalls of business-to-business (B2B) e-commerce. The American Arbitration Association (AAA), which announced the "eCommerce Dispute Management P...

Traffic to e-tail sites during the just-concluded holiday shopping season spiked 30.3 percent from 1999 levels, with online retailers registering an average of 34.2 million unique visits each week, according to data released Friday by Internet measurement firm Media Metrix. Moreover, the study foun...

Demonstrating that e-commerce blight is sweeping beyond e-tailers to claim casualties among the companies that serve them, e-commerce transactions services company CyberSource (Nasdaq: CYBS) announced Thursday that it is restructuring its operations and lowering fourth quarter revenue projections...

Security concerns and a lack of confidence in customer service are still the main issues keeping consumers from making online shopping a habit, according to data released Friday by NFO Interactive. Seventy-two percent of people surveyed for the firm's "2000 Online Retail Monitor" study who sai...

Mercata.com, the buy-by-group e-tail site that enjoyed the early backing of Microsoft co-founder Paul Allen, said Thursday it will cease operations. The announcement came one day after Bellevue, Washington-based Mercata withdrew a US$100 million initial public offering (IPO), citing market condition...

Toysrus.com announced Thursday that its online sales for the nine weeks leading up to Christmas totaled US$124 million, a 218 percent increase over the previous year's holiday season. The good vibes coming from Toysrus.com differ considerably from those of 12 months ago, when it was one of several...

In a bid to capture a share of the emerging market for electronic books, Barnesandnoble.com (Nasdaq: BNBN) said Thursday that it has created an e-publishing division that will offer authors a royalty rate higher than the rates offered by traditional publishing houses. The move will "create a dir...

Troubled toy e-tailer eToys announced Wednesday that it is shutting down its European operations as of January 19th because of the "disappointing recent performance of the company as a whole" and poor market conditions. The move comes despite the company's status as the No. 1 toy e-tailer in Europ...

Last year, 210 Internet firms -- more than half of them e-commerce companies -- ceased operations, according to a report released Wednesday by merger and acquisitions tracking firm Webmergers.com. Webmergers said that 109 e-commerce firms folded their tents in 2000, along with more than 60 content...