1st In Video - Music World, Inc.

There are proactive steps web merchants can take to build their relationships with key suppliers, 1st in Video-Music World president Dennis Boudreau told IRCE attendees in Boston last week. Chief among them: Showcase authorized manufacturer seals.Read Full Story From Inetrnet Retailer: Getting better at getting the goods from suppliers

Quincy, IL 1/8/2009 - Dennis Boudreau, CEO of 1st in Video-Music World, has been selected as a speaker at IRCE 2009.  Boudreau’s session is titled, Getting the goods-Convincing suppliers that you’re in the game to stay and will be presented on Day 3 of ICRE2009 at 4:00 PM. Read the rest of this entry »

KHQA interviewed Justin Meats as a feature news story for Cyber Monday 2008.

Read Watch: “Cyber Monday” kicks off online shopping season

Here’s the latest numbers of broadband subscribers in the world:

• DSL: 238.1 million
• Cable: 79.6 million
• Fiber: 16.7 million

Read More: More choosing fiber-optic Internet service worldwide over cable - USATODAY.com

• As of January 2008, the US accounted for 21% (173 million) of the 824 million Internet users worldwide, according to comScore. This figure does not include users accessing the Internet from public computers or mobile phones.
• Google is the dominant search brand in most countries
• The number of worldwide visitors to social networking sites has grown 34 percent in the past year to 530 million, representing approximately 2 out of every 3 Internet users. MySpace and Facebook are in a tight battle for the global leadership position, each attracting more than 100 million visitors per month.
• Online video has become the dominant online entertainment format, led by the global popularity of YouTube with more than 250 million visitors in January.
• The Internet has become an important source of news for most Web users.

Read More: comScore “Digital World: State Of The Internet” Report Highlights Growth in Emerging Internet Markets

E-commerce sales in 2007 grew 19% to $136.4 billion, up from $114.62 billion in 2006 according to the U.S. Department of Commerce.  U.S. Retail sales only grew 4%.

Source: Internet Retailer Magazine - March 2008

 African Americans and Hispanics still lag the general population, while Asian Americans are more heavily represented.

Percentage of Shoppers vs 2002:

• 40.6% of African Americans (up from 25.1%)
• 41.8% of Hispanics (up from 27.7%)
• 70% of Asian Americans (up from 55.8%)
• 55% of Adults Overall (up from 44%)

Read More: More Minorities Shopping Online - eMarketer

• $59.35 Billion in sales ($52.57 in 2006 - 13.1% increase)

• 610 Million Listings (42% fixed-price listings - up from 38% in 2006)
• 83.2 Million active users (81.8 million in 2006)
• 532,000 Stores
• Paypal’s net total payment volume in 2007 Q4 was $14 billion (Up 35% from 2006 Q4)
• 57.3 million active registered PayPal accounts (up 5% from 2006)

Source: eBay’s 2007 merchandise sales grow 13.1% to $59.3 billion - Internet Retailer

• Almost 2/3’s of the US population is online
• The aveage US Interet User spent 15.3 hours per week online in 2007
• “The US Internet population differs from the general population in age, race/ethnicity, income and education levels.”

Source/Read More: Now US Is Online, And How! - eMarketer

Quincy, IL 2/1/2008 - Due to the companies fast growth online, 1st in Video - Music World, Inc. is expanding into a 30,000 square foot state-of-the-art distribution center located at 1400 N 30^th Street, Quincy, IL. The company will continue to operate its retail stores of Your Electronic Warehouse, Discount Golf World and Quincy’s Discount Travel of their current retail locations in the 2800 block of Broadway. Read the rest of this entry »