Online Sales Slowing

Posted Nov 3, 2008

According to Comscore, online sales have started to slow. Second quarter growth for online sales was 13%. Third quarter growth fell to 6%. Total online spending minus travel sites was $30 billion in the third quarter.

The slow growth will most certainly affect online holiday shopping revenue. A majority of online retailers make a large amount of their annual income during the holiday season.

Source: Biz Journal