Web retail sales to dodge effects of slowing economy
SAN FRANCISCO--Despite a slowing U.S. economy, online retail sales will continue to grow at double-digit rates for the next several years, but it will begin to take a turn toward maturity by 2012, according to new research from JupiterResearch.
U.S. online retail sales are expected to reach $148 billion in 2008, up 19 percent from sales in 2007 and comprising about 6.4 percent of total retail sales. That figure will grow to $166 billion in 2009 and $215 billion by 2012, for a compounded annual growth rate of about 11 percent, according to JupiterResearch analyst Patti Freeman … Read more