TheEnforcer
11-26-2008, 03:00 PM
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http://online.wsj.com/article/SB122764819199157439.html
Online Shopping to Plateau As Slump Hits Cyberspace
By CHRISTOPHER LAWTON
Nobody was expecting online shopping to be immune from the economic downturn, but most forecasts had been calling for at least a smidgen of growth. Now, even that hope is damped.
For the first 23 days of November, online sales declined 4% to $8.2 billion from $8.5 billion the same time last year, according to market-research firm comScore Inc. The firm projects that retail spending online in the months of November and December will total $29.2 billion, flat from the same period last year -- a dreary sign for online retailers, many of which had grown accustomed to double-digit gains.
The figures follow numbers from October, when online sales rose only 1% compared with a year earlier.
"The decline that we're seeing is unprecedented," said Andrew Lipsman, a senior manager at comScore.
http://online.wsj.com/article/SB122764819199157439.html
Online Shopping to Plateau As Slump Hits Cyberspace
By CHRISTOPHER LAWTON
Nobody was expecting online shopping to be immune from the economic downturn, but most forecasts had been calling for at least a smidgen of growth. Now, even that hope is damped.
For the first 23 days of November, online sales declined 4% to $8.2 billion from $8.5 billion the same time last year, according to market-research firm comScore Inc. The firm projects that retail spending online in the months of November and December will total $29.2 billion, flat from the same period last year -- a dreary sign for online retailers, many of which had grown accustomed to double-digit gains.
The figures follow numbers from October, when online sales rose only 1% compared with a year earlier.
"The decline that we're seeing is unprecedented," said Andrew Lipsman, a senior manager at comScore.