Online Retail Sales Seen Up 26 Percent
CHICAGO - U.S. retail sales on the Internet are expected to climb by 26 percent to about $96 billion this year, according to a study released on Thursday.
The Shop.org and Forrester Research survey of more than 130 retailers found that online retail sales jumped 48 percent to $76 billion last year. The sum was about 3.6 percent of total U.S. retail sales.
For 2003, online sales are expected to account for 4.5 percent of total U.S. retail sales.
Last year, online retailers collectively broke even, versus a decline of 6 percent in 2001.
Shop.org is the online retailing division of the National Retail Federation.
The Shop.org and Forrester Research survey of more than 130 retailers found that online retail sales jumped 48 percent to $76 billion last year. The sum was about 3.6 percent of total U.S. retail sales.
For 2003, online sales are expected to account for 4.5 percent of total U.S. retail sales.
Last year, online retailers collectively broke even, versus a decline of 6 percent in 2001.
Shop.org is the online retailing division of the National Retail Federation.