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SMF Blogs > Economic Analysis > November 2008 > Consumers aren't shopping online, either

Consumers aren't shopping online, either

NY Times reports it is not only retail stores that are feeling the pinch as shoppers close their wallets just ahead of the holiday season. E-commerce sales, though still growing faster than retail, are hurting, too. E-commerce spending growth slowed to 6% in the third quarter over the year before, down from 13% in the second quarter, according to comScore. Growth rates have declined every month since April, and September's rate of 5% was the lowest recorded by comScore since it started tracking e-commerce in 2001.

Posted: 11/17/2008 8:16:39 AM by StockMarketFunding | with 0 comments


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