Friday, May 27, 2005
Online retail sales expected to hit $172B
According to this Wall Street Journal story (subscription required) based on a Shop.org study conducted by Forrester Research:
U.S. online retail sales are expected to climb 22% to $172 billion this year, spurred by growth in categories such as cosmetics and jewelry, according to a new report.
...Online sales will grow fastest in categories such as cosmetics, jewelry and flowers, the report predicts. All remain relatively small. Online sales of cosmetics and fragrances are projected to rise 33% to $1.6 billion; flowers, cards and gifts, 30% to $4.8 billion; and jewelry and luxury goods, 28% to $3.2 billion.