"Filling your tank may be murder on
your wallet but those rising gas prices are music to an
online retailer's ears....I would expect that we're going
to see the biggest increase in online sales this season
precisely because of households just not wanting to spend
that much money driving around to malls and wasting gas."
- eCommerce Times
"Online shopping sites, already on
a roll, are getting help from the high price of gasoline,
which is prompting untold numbers of consumers to boot up
their PC's instead of driving their S.U.V.'s to the mall."
- New York Times
"High gasoline prices are starting
to have an effect on consumer shopping behavior. A survey
of online buyers conducted by comparison shopping site Shopzilla.com
reveals that 40% of consumers have increased their online
buying as a result of high gas prices—15% saying they
are shopping online a lot more to avoid burning gasoline
going to stores and 25% saying somewhat more." - Internet
Retailer.com
"More than a third (34%) of shoppers
surveyed in a national poll stated that they'll favor computer
keys over car keys for their shopping this year, due to
significantly higher gas prices"
"Gas prices are having an impact on
all their shopping," says Nick McCoy, senior consultant
of Retail Forward. "Higher gas prices have
to lead to more online shopping."
"From cruising the malls, consumers
this holiday season may cruise the Internet for their gifts—high
gasoline prices are encouraging consumers to shop online.
Online will be the biggest beneficiary of high gas prices."
"One of the things that consumers will
give up is non-essential driving. They won’t be going
to shopping malls if there is another option." That
option is online shopping, he says. "We could very
well see e-commerce sales grow at a rate that we’ve
never seen before," Baumohl says. "We could easily
see 35-40% increases." - Bernard Baumohl, executive
director of the Economic Outlook Group.
"Online sales should see robust growth
this holiday season, partially aided by rising gas and heating
prices, as consumers seek to maximize their holiday budgets."
- Heather Dougherty, senior Retail analyst, Nielsen//NetRatings
"High gasoline prices and bad weather
may even tempt more shoppers to do more holiday shopping
online this year...Consumers are expected to spend approximately
25% more online this holiday season than they did last year,
several analysts said. In fact, more than half of the 1,000
shoppers surveyed said they plan to do at least 54% of their
shopping online this year...everything from apparel, books
and magazines to home electronics and even gourmet food
and beverages online this holiday season. - David Rosen,
MyPoints' senior vice president for marketing
"If shoppers won’t travel to find less costly
gas, that could spell opportunity for online shopping in
Q4 by increasing the rate of online shopping among consumers.
Shopzilla found that 34% of online shoppers surveyed have
shopped online more in order to save gas costs associated
with going out to shop retail stores. That includes 11%
who have shopped online “a lot more” in efforts
to save on fuel costs, and 23% who say they’ve shopped
online “somewhat more” for the same reason."
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