Report: E-commerce spending to hit $156 billion this year

Report: E-commerce spending to hit $156 billion this year
Tags: Online Retailing
May 5, 2009

Internet Retailer: Despite the economic downturn, e-commerce sales, including event and movie tickets, will grow about 11 percent to $156.1 billion this year from $141.3 billion in 2008, according to the first installment of the three-part State of Retailing Online 2009: Marketing Report from research and consulting firm Forrester Research and Shop.org, the online retail arm of the National Retail Federation, a merchant trade association. Four out of five retailers say the Web is better suited than offline retail to withstand the recession.

E-commerce sales grew 13 percent from 2007 to 2008, the report says. Online sales will account for six percent of total retail sales this year, up from five percent last year.

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