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Reality Hits the Retail Biz Hard.(Industry Trend or Event)

By CAULFIELD, BRIAN
Publication: Internet World
Date: Friday, September 15 2000

Most of the top online retailers are taking a beating in the stock market. Amazon.com, the highest-rated online shopping service, has seen its stock price drop from $113 to $37.56. Egghead.com, an online software vendor, continues to lose money and its stock price dropped from $26.50 to $2.19 in a little over six months. Online shopping continues to increase, despite the stock market reactions, and online retailers continue to be worth less than their annual sales.

AMAZON, PRICELINE, BUY.COM, EXCEED $700M IN SALES, BUT SHARE PRICES DIP TO LEVELS MORE IN LINE WITH OLD RETAILERS <

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