Online shopping has become extremely popular, especially in developed countries. More and more people are now buying products online. One can save a lot of money and time by shopping online. Some of the most visited websites in the world are online shopping websites. 83% of the people in North America have used online shopping at some point.
Overstock.com initially sold surplus and returned merchandise on an online E-commerce marketplace, liquidating the inventories of at least 18 failed dot-com companies at below-wholesale prices. In recent years it has expanded to sell new merchandise, as well. The business started rebranding in early 2011 as “O.co” to simplify and unify its international operations. However, due to customer confusion over the new name and the .co extension, they are temporarily retracting their rebranding efforts. Overstock went public in May 2002 at an IPO price of $13, and after achieving significant growth and profits in some early quarters, achieved a profit of $7.7 million in 2009 and reported its first billion-dollar year in 2010.
Multiply has over 11 million registered users. The company was headquarterd in Boca Raton, Florida but moved to Jakarta, Indonesia early in 2012 and recently announced intentions to switch to e-commerce, dropping the social networking aspect entirely. Quantcast estimates Multiply has 3.5 million monthly U.S. unique visitors. On Multiply, a user’s network was made up of their direct contacts, as well as others who are closely connected to them through their first-degree relationships. Additionally, users were encouraged to specify the nature of their relationship with one another, making it possible to share content with their entire network of closely related people, or subsets thereof including friends, family, professional contacts, and so on.
The domain www.gap.com attracts over 18 million visitors annually, according to a 2008 Compete.com survey.
Newegg.com Inc. is an online retailer of computer hardware and software. The company was founded by Fred Chang, a Taiwanese immigrant, in 2001.
Target is the second-largest discount retailer in the United States, behind Walmart. The company is ranked at number 38 on the Fortune 500 as of 2012 and is a component of the Standard & Poor’s 500 index. I
Best Buy became the largest electronics retail store (online and bricks and mortar) in the eastern United States, after smaller rival Circuit City went out of business. Fry’s Electronics remains a major competitor in the western United States, while hhgregg remains competitive in the eastern United States. Many locations feature in-store pickup, which can be arranged through the company’s website. Best Buy is also a retailer of cellular phones with phones from Verizon Wireless, AT&T Wireless, Sprint PCS, Boost Mobile, and T-Mobile.
The company was founded by Jack Ma and 17 other people in 1999 and is now the flagship company of Alibaba Group. It claims it had more than 79 million registered users in more than 240 countries and regions as of March 31, 2012.
Walmart is the biggest private employer in the world with over two million employees, and is the largest retailer in the world. Walmart is also the largest grocery retailer in the United States. In 2009, it generated 51 percent of its US$258 billion sales in the U.S. from grocery business. Walmart has 8,500 stores in 15 countries, under 55 different names. The company operates under the Walmart name in the United States, including the 50 states and Puerto Rico. It operates in Mexico as Walmex, in the United Kingdom as Asda, in Japan as Seiyu, and in India as Best Price.
eBay is one of the notable success stories of the dot-com bubble; it is now a multi-billion dollar business with operations localized in over thirty countries. eBay expanded from its original “set-time” auction format to include “Buy It Now” standard shopping.
Amazon is the world’s largest online retailer. The company also produces consumer electronics—notably the Amazon Kindle e-book reader and the Kindle Fire tablet computer—and is a major provider of cloud computing services. Amazon has separate retail websites for the following countries: United States, Canada, United Kingdom, France, Germany, Austria, Italy, Spain, Brazil, Japan, and China, with international shipping to certain other countries for some of its products. It is also expected to launch its websites in Poland, Netherlands, and Sweden.