Baby boomers are buying into online shopping

Andrew M. Santos

Early in the pandemic, armed with step-by-step instructions, Joseph Clay committed to buying absolutely everything online.

Texas toast, blueberry waffles and diet root beer are repeat orders, spliced with the occasional addition: skull-shaped bookends, slippers for his partner and one overnight purchase to placate an aching tooth. He gladly shelled out $17.21 for a tube of Anbesol, an over-the-counter pain relieving gel, which Amazon got to him before dawn.

“My youngest daughter shops online constantly, so I called her up and said, ‘Hey, this online shopping thing — how does it work?'” said Clay, 60, a retired engineer in Nashville. “She gave me a quick rundown, and it just blew me out of the water.”

The coronavirus pandemic has reshaped habits and behaviors of even the most resolute shoppers as social distancing became a key line of defense against infection. But one of the most significant and unexpected shifts, experts

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Shopping online? Here’s what you should know about user reviews — ScienceDaily

Andrew M. Santos

If you’re about to buy something online and its only customer review is negative, you’d probably reconsider the purchase, right? It turns out a product’s first review can have an outsized effect on the item’s future — it can even cause the product to fail.

Shoppers, retailers and manufacturers alike feel the effects of customer reviews. Researchers at the University of Florida’s Warrington College of Business looked at the influence of the first review after noticing the exact same products getting positive reviews on one retailer’s website but negative reviews on others, said Sungsik Park, Ph.D., who studied the phenomenon as a doctoral student at UF.

“Why would a product receive a 4.7-star rating with 100 reviews on Amazon, but only four or five reviews with a two-star rating Walmart or BestBuy?” Park wondered.

To find out, Park — now an assistant professor at the Darla Moore School of Business

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Paypal profit surges as it cashes in on online shopping boom

Andrew M. Santos

a sign on the side of a building

© Provided by City AM

Paypal posted a surge in profit in the fourth quarter as the Covid-19 pandemic sparked a sharp rise in online shopping.

The payments processor posted net profit of $1.6bn (£1.2bn) for the last three months of 2020, up 209 per cent on the same period the year before.

Read more: Paypal-backed Tink raises €85m in latest funding round

It came on revenue of $6.1bn, which grew by almost a quarter over the period.

The figures capped off a record year for Paypal, which has cashed in on a shift to online purchases as people were forced to stay at home during the pandemic.

Video: What to Watch for in Amazon, Alphabet Results (Bloomberg)

What to Watch for in Amazon, Alphabet Results



The California-based firm said it recorded its strongest ever performance in 2020, with total payment volumes topping $936bn, while

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Global Online Shopping Market 2020 Key Stakeholders, Subcomponent Manufacturers, Industry Association and Key Drivers Analysis to 2025

Andrew M. Santos

The MarketWatch News Department was not involved in the creation of this content.

Feb 02, 2021 (CDN Newswire via Comtex) —
The latest informative study entitled Global Online Shopping Market 2020 by Company, Type and Application, Forecast to 2025 released for the database of helps a reader to understand the market in depth. The report supplies a comprehensive analysis of business aspects like global Online Shopping market size, recent technological advances, and inventions. The research report consists of: introduction of the market, key players, opportunities, restraints, product & type classification, and overall market analysis. This research study aims to help in making the right steps before starting up a company, business conclusions, and shape the future of the organizations. For supreme reader ease, this research presentation on the global market establishes the overall forecast timeline, allowing detailed market approximation about growth likelihood in the market.

Market Development:

This report

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