U.S. E-Commerce Grew In Q4
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.
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."
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