Yes, people still do read books. And while we may not be reading hard covers, we definitely are downloading these great stories to our tablets and phones.
On the business front, Amazon.com appears to be having a stellar holiday season. Data from research firms such as Hitwise and GBH Insights suggests Amazon accounted for a huge share of U.S. e-commerce transactions during Thanksgiving weekend. According to Hitwise, Amazon accounted for 59.6%, 54.9% and 45%, respectively, of all Cyber Monday, Black Friday and Thanksgiving transactions in the U.S. this year, while by GBH's calculations, Amazon was responsible for 45% to 50% of Black Friday sales.
But several facts, in particular, should have rival retailers concerned about the year ahead. Read this column by Eric Jhonsa to learn why.
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