Internet Retail Sales Growth Accelerates
Internet sales growth gained some momentum in the second quarter, increasing by 7.2% from the first quarter to a total of $21.1 billion. In the first quarter, sales increased by a more modest 6% from the previous quarter. This represents a 26% gain in sales from one year ago, compared to a 23% gain during the first quarter. Internet sales have grown by more than 20% on a year-ago basis in every quarter since the start of 2002....
Internet Sales Growth Bucks Trends from the News Tribune.
NEW YORK – Online spending is expected to rise a robust 17 percent this year, despite a sluggish economy that has bruised many brick-based retailers, according to an annual survey to be released today.
Retail sales online, excluding travel purchases, are set to grow to $204 billion in 2008 from $174.5 billion last year, fueled by sales of apparel, computers and autos, according to a survey conducted by Internet analysis firm Forrester Research for Shop.org, the online arm of the National Retail Federation trade group. That projection is below the 21 percent increase seen in the prior year, but industry officials attribute it to the maturing of the business, not the slow economy.
E-commerce “is clearly the bright spot in retailing,” said Scott Silverman, executive director of Shop.org.
