Firm Predicts Amazon 3Q Sales Over $700M

Share this article:
Advisory services firm Compete Inc. said that Amazon.com would post healthy third-quarter sales after suffering a one-week slip because of the Sept. 11 terrorist attacks.


The Boston-based company predicts Amazon's sales for the quarter will top $700 million, exceeding most analysts' estimates of $650 million.


Visits to Amazon during the third quarter rose by 13 million over the second quarter, and conversion rates increased in the third quarter, Compete said.


"Our detailed analysis shows that Amazon suffered only a week of depressed activity as a result of the terrorist attacks in New York and Virginia," said Matt Work, chief strategy officer for Compete. "Traffic and buying activity on Amazon has rebounded since September 11 and even slightly exceeds pre-attack levels."


Share this article:

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

News Byte: CX Scores to Take Their Place Beside Price Listings

News Byte: CX Scores to Take Their Place ...

E-commerce aggregator PriceGrabber will begin offsetting price info with service expectations.

Data Byte: Interactive Ad Revenues Exceeding TV for the First Time

Data Byte: Interactive Ad Revenues Exceeding TV for ...

At nearly $43 billion, interactive advertising revenues exceeded broadcast for the first time in 2013.

Marketers: Data Rich and Knowledge Poor

Marketers: Data Rich and Knowledge Poor

While advertisers have become incredibly data-savvy, the most difficult challenge remains causally linking that data to outcomes that really matter.