E-commerce to ring up 17% growth in '08
Online retail sales in the US are expected to rise 17% this year to reach $204 billion, according to a Forrester Research study conducted for Shop.org. Clothing, computers and automobiles will be the three largest online sales categories in 2008.
Amid a barrage of troublesome economic reports, a study released Tuesday suggests online sales are expected to take a dramatic turn upward in 2008.
Purchases made over the Internet will shoot up 17% and account for 7% of retail sales of items ranging from clothing to televisions and computers, reports Forrester Research in "The State of Retailing Online 2008," conducted for Shop.org.
Online sales will reach US$204 billion this year, led by clothing ($26.6 billion), computers ($23.9 billion) and automobiles ($19.3 billion), the report says.
