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Online sales to grow 23 percent this year, study finds.

Chicago Tribune (Chicago, IL)

| May 24, 2005 | COPYRIGHT 2007 Chicago Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Becky Yerak

May 24--Online retail sales are expected to grow 23 percent this year, cracking the $100 billion mark for the first time and garnering a bigger share of shopping dollars despite Internet security threats.

In 2005, online sales -- excluding travel -- are expected to reach $109.6 billion. That's up from $89 billion in 2004 and $71.8 billion in 2003, according to a study of 137 retailers by Forrester Research Inc. for the National Retail Federation's Shop.org division.

Online sales, however, still represent a fraction of overall sales. Online sales accounted for 4.6 percent of the retail business in 2004 and will grow to 5.5 percent…

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Source: HighBeam Research, Online sales to grow 23 percent this year, study finds.

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