U.S. E-Commerce Grew In Q4

Story:

Despite fears about a drop in Internet and e-commerce use by customers, U.S. retail e-commerce in the fourth quarter grew by more than 13% over the previous year. According to the Department of Commerce, retail e-commerce sales totaled $10 billion as opposed to $860 billion in total retail sales. Total retail sales grew by only 5.3 percent over the previous year.

Analysis:

Almost 60 percent of respondents said convenience was why they chose the Internet as a retail channel.

The outlook is good in the global picture as well:

"According to International Data Corp. (IDC), worldwide e-commerce spending grew 68 percent between 2000 and 2001, reaching more than $600 billion in 2001. IDC also expects e-commerce spending to pass the $1 trillion mark in 2002."

Link:

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