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Online Sales Expected to Grow 17 Pct In 2008
engine

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Msg#: 3622527 posted 10:40 am on Apr 9, 2008 (gmt 0)

Despite the bum economy, Internet retail sales will rise 16.6 % in 2008 to $204 billion, about the same rate of growth as in 2007, according to the latest annual study by Forrester Research. That's way above the 3.5% growth in overall retail sales predicted for 2008 by the National Retail Federation. The biggest online categories: apparel (due to rise by $3.9 billion, or 17%), computers (up $3.2 billion, or 15%) and autos (up $2.5 billion, or 15%).

Of course, "e-tailing," despite becoming more and more prevalent over the last few years, still accounts for less than 5% of the overall retail market in the U.S. The relatively small dollar base all but assures double-digit annual growth.

Online Sales Expected to Grow 17 Pct In 2008 [forbes.com]

 

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Msg#: 3622527 posted 11:00 am on Apr 9, 2008 (gmt 0)

This information is very interesting given the economic changes happening. Thanks for sharing this enine.

maximillianos

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 3622527 posted 12:05 pm on Apr 9, 2008 (gmt 0)

5% is still a decent chunk of the market, considering the size of this market... and this number is only going to increase over time... IMHO...

jsinger

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Msg#: 3622527 posted 12:31 pm on Apr 9, 2008 (gmt 0)

Forrester Research

They were among the leaders in outrageously exuberant predictions for e-commerce during the dot com bubble days.

If e-commerce is so HOT why have public ecommerce shares been ICE COLD over the past 6 months?

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