Business
Study: Consumer e-commerce to hit $65 billion
Dot-coms may be dropping right and left, but consumers are still looking to the Web, according to a new study that says online retail sales are expected to reach $65 billion in North America this year. The study, conducted by industry group Shop.
Dot-coms may be dropping right and left, but
consumers are still looking to the Web, according
to a new study that says online retail sales are
expected to reach $65 billion in North America this
year.
The study, conducted by industry group Shop.org and the Boston Consulting Group, found that online spending should increase 44 percent from 2000. Excluding financial brokerage sales, which had been included in earlier studies by the group, business-to-consumer sales grew 66 percent in 2000 to almost $45 billion. Full story. --Margaret Kane, ZD Inter@ctive Investor