The Internet–the engine that drove year-over-year increases in sales since its inception–is unable to overcome the economic malaise in America. 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.
Online Retail Sales Decline For First Time Ever
Online Retail Sales Decline For First Time…
Online Retail Sales Decline For First Time Ever
The Internet–the engine that drove year-over-year increases in sales since its inception–is unable to overcome the economic malaise in America. 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.