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Charles Schwab & Co., Inc.
Email Alert Internet Daily for Wednesday, November 21, 2001 by Frank Barnako CBS MarketWatch.com Brick-and-mortar cuts hurt e-tailers Price discounts by traditional retailers are likely to reduce sales for online retailers, according to the Conference Board, a nonprofit research group. "Bargains are not as prevalent because offline stores are offering discounts," said the board's director, Lynn Franco. "The incentive to shop on the Web is not there." Her group conducted a holiday shopping survey and found 22% of its respondents indicated they plan to make online purchases, compared to 21% a year ago. Another study of shopping plans, by Chicago-based consulting firm Accenture, found a sharp disinterest in online shopping. Forty-three percent said they planned to shop less online this year than last, while 23% said they would spend more through the Web. The big draw for online shoppers was convenience. ----------------------------------------------------------------- China shutters Internet bars Chinese authorities have closed almost 20% of the country's 94,000 Internet bars. They failed to install software to block access to Web sites the government considers pornographic or subversive, the Associated Press reported. "Some youths will submerge themselves for long periods, playing unhealthy games and adversely affecting their development as normal students," according to a Shanghai newspaper. The newspaper estimates about 27 million Chinese access the Web, 4.5 million through the "bars," often one-room shops with PCs. ----------------------------------------------------------------- Trib lets fingers do the advertising The Chicago Tribune's Web site now allows consumers to create classified ads that appear both online and in the newspaper. The feature is available from a button labeled "Place an Ad" on chicagotribune.com. "People are now accustomed to doing business on the Web and through this innovation we address the needs of both our private and commercial customers," said Jane Migely, director of classified advertising. Editor's note: Due to the Thanksgiving Day holiday, Internet Daily will not be sent on Nov. 22 and 23. ----------------------------------------------------------------- For late-breaking market news you can't afford to miss, go to http://CBS.MarketWatch.com/ ================================================================ LOGIN to access your account: https://investing.schwab.com/trading/start ---------------------------------------------------------------- To unsubscribe or modify your Email Alert customization options, log in using the link below or copy and paste it into your browser's address window: https://investing.schwab.com/trading/start?SANC=EAMyAlerts ---------------------------------------------------------------- Notice: All email sent to or from the Charles Schwab corporate email system may be retained, monitored and/or reviewed by Schwab personnel. (0801-11478) Copyright 2001 CBS MarketWatch. All rights reserved. Commercial use or redistribution in any form, printed or electronic, is prohibited. Distribution by Quris, Inc.
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