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Study Predicts Online Retail Sales Levels to Draw Even with Catalogues.
By Leslie Brooks Suzukamo, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News
May 16--Online retail sales are gaining ground fast on catalog sales as a shopping preference, according to a study of 130 online retailers released Thursday.
And while the growth rate of e-retailing has slowed, U.S. online sales in 2003 still are expected to rise 26 percent over 2002 and reach $96 billion, the study said.
E-retailing would then account for 4.5 percent of total U.S. retail sales and put Internet sales almost on par with catalog sales, which generate 4.7 percent of the country's retail sales.
The study was conducted by …
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