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Santa Shopped Online This Year
An anonymous reader writes "ZDNet is reporting on another blockbuster year for online shopping. Online shopping was up almost 30 percent over last year." From the article: " Clothing was the top seller in terms of dollar amount, at $5.3 billion total, up 42 percent from last year's revenue, the report said. Computer hardware and peripherals showed the most growth, 126 percent, at $4.8 billion. Consumer electronics was the second fastest growing category, garnering $4.8 billion, up 109 percent. People spent $3 billion on books online, up 66 percent, and $2.3 billion on products in the toys/video games category of hardware and software, a drop of 9 percent from last year, the study found. "
before the gov't demands all those juicy sales taxes? You know its coming, especially after the huge growth in online sales every year.
It seems odd that clothing would be the top seller online, given that it involves more to return/exchange items to an online store than a regular store if the clothes should happen to be the wrong size.
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That doesn't make any sort of buisness sense as you stated 2005 was your best year (and you also pointed out you did very well financially.)
He has another comment here:3 75640
http://slashdot.org/comments.pl?sid=172698&cid=14
Basically, he has an exit strategy. Something a lot of people with businesses/investments don't have. An exit strategy is essential and following it is even more essential. Personally, I applaud him for such a move. He might lose some money on it (Costs of shutting down, lost profits), but chances are good that he's probably going to be correct more often than not on the signals he's getting. Sometimes it's just better to quit while you're ahead, especially in a case like this when he can see some clouds moving in.