Online retail shopping sees decline

TheEnforcer · 11-26-2008

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Online Shopping to Plateau As Slump Hits Cyberspace
By CHRISTOPHER LAWTON

Nobody was expecting online shopping to be immune from the economic downturn, but most forecasts had been calling for at least a smidgen of growth. Now, even that hope is damped.

For the first 23 days of November, online sales declined 4% to $8.2 billion from $8.5 billion the same time last year, according to market-research firm comScore Inc. The firm projects that retail spending online in the months of November and December will total $29.2 billion, flat from the same period last year -- a dreary sign for online retailers, many of which had grown accustomed to double-digit gains.

The figures follow numbers from October, when online sales rose only 1% compared with a year earlier.

"The decline that we're seeing is unprecedented," said Andrew Lipsman, a senior manager at comScore.

11-26-2008	#1
TheEnforcer Scored VIP to Anton's Piss Tank Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 8,781	Online retail shopping sees decline Click link for full article http://online.wsj.com/article/SB122764819199157439.html Online Shopping to Plateau As Slump Hits Cyberspace By CHRISTOPHER LAWTON Nobody was expecting online shopping to be immune from the economic downturn, but most forecasts had been calling for at least a smidgen of growth. Now, even that hope is damped. For the first 23 days of November, online sales declined 4% to $8.2 billion from $8.5 billion the same time last year, according to market-research firm comScore Inc. The firm projects that retail spending online in the months of November and December will total $29.2 billion, flat from the same period last year -- a dreary sign for online retailers, many of which had grown accustomed to double-digit gains. The figures follow numbers from October, when online sales rose only 1% compared with a year earlier. "The decline that we're seeing is unprecedented," said Andrew Lipsman, a senior manager at comScore.