Word: arounders
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Dates: during 1990-1999
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...shows--one in Denver, the other in Kansas City, Mo.--and he says the number of vendors at both has slid 30% in the past 18 months. And eBay is the reason. "It has the potential of absolutely destroying the business," says Spotts. "I've seen several shows around the country that are near shutting down." Flea markets could be the next to suffer. When the National Flea Market Association held its annual meeting in Orlando, Fla., in October, 100 members jammed into a session on the Internet future to hear dire predictions of what the Net would...
...eBay, have seen their livelihoods transformed. David James, for example, opened his shop in Alexandria, Va., eight years ago. He deals mostly in what the trade calls smalls: candlesticks, glassware and other such collectibles. He's still got the store, but today his business--and his life--revolve around a warehouse a few miles away, where he stores the treasures he has gleaned from scouting estate sales and flea markets. From a cramped, windowless cubicle, he monitors the hundreds of auctions he has posted--moving anywhere from $40,000 to $75,000 a month. He has hired a full-time...
...difficult time overcoming the notion that they would be cannibalizing their core business if they sold through the Web. But as it became clear that e-commerce was a viable and complementary retail channel--albeit one that requires a new skill set--the big off-line players gradually came around to embracing...
...every webhead is working against the established grocers. Priceline.com the site that lets you name your price for airline tickets, is doing the same for groceries in Manhattan and Philadelphia; it expects to go national by next May. The catch: you still have to push a squeaky wheel around terrazzo flooring and pick up the items yourself. Savings kick in only at the register...
...Internet revolution spills over the edges of the computer revolution's territory. "The next wave is people who never wanted to buy a PC," says Barry Parr, an analyst at International Data Corp. Even as early as 2003, analysts expect, a third of online households will be spending around $50 billion through non-PC devices...