Some good news to end an otherwise gloomy week for the markets, via the CNET News.com blog:
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 Evans.
In 2012, Web retail sales will account for 8 percent of total retail sales, according to JupiterResearch projections...
Posted by Adam Rabiner
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15:02
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