Financial Times Cites Online Sales Growth #'s

As we work to deliver our online and mobile payment processing system we take heart in numbers like those cited by the Financial Times in a recent article.

According to the article:

"Raul Vazquez, chief executive of Walmart.com, said the retailer had seen sales on the Friday after Thanksgiving holiday “exceed our expectations” of 40-60 per cent annual growth.

Ron LaPierre, president of PriceGrabber, a comparison shopping site, said sales through its site had been running “at or above expectations” so far."

The article goes on to state that WalMart is expecting 30 million visitors this week, and the top ecommerce sites are running similar promotions to the "door busters" run in brick and mortar stores. They are adding, this season, free delivery offers to drive more online sales.

More to come...