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E-commerce growth hits all-time low

June 17, 2009

VNUnet: E-commerce growth has slowed to all-time low as shoppers rein in their spending during the recession, according to the IMRG Capgemini e-retail sales index.Web sales in May increased 8.2 percent year-on-year compared to the 30.9-percent growth rate of the same month last year, as online retailers begin to feel the effects of the recession.

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