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Article: Forrester: Web Remains Retail Industry's "Growth Engine" This Holiday.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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With overall retail sales expected to show no gain this holiday shopping season, online retail sales in the US will reach $44.7 billion this holiday season, an eight percent increase over last year, according to a new forecast by Forrester Research, Inc. (Nasdaq: FORR). The growth rate represents an increase from 2008, when, on the heels of the worst of the global financial crisis, online holiday retail sales in the US grew just five percent. Forrester defines the holiday shopping season as the months of November and December.
"Despite the lingering effects of the recession, the online space remains the retail industry's growth engine," said Sucharita Mulpuru, ...