Consumer spending on e-commerce sites grew just 1 percent during October compared with the same month a year ago, according to ComScore.
In fact, last month was the worst growth month for online retail spending since ComScore began keeping track in 2001.
Rising prices and unemployment rates, and the psychological impact of the chaos of the financial markets are to blame, according to ComScore Chairman Gian Fulgoni.
But the dip in spending can't be too much of a shock to those who watch ComScore's monthly reports carefully. The preceding six months featured declining growth rates--April saw 15 percent … Read more