Friday, August 23, 2002

I received this interesting piece from Chain Store's Weekly Recap on what's happening in the on-line sales sector. The Internet is still in it's infancy when it comes to retail sales, but continues to outpace retail sales in terms of percentage growth. Very exciting for anyone that understands how to sell on-line...

Domestic On-Line Sales Increase in 2Q 22-Aug-02
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Internet retailers reported an increase in revenue in the second quarter of 2002, according to a report from the Commerce Department.
Domestic on-line sales rose 3.7% to $10.24 billion in the second quarter, representing just 1.2% of overall retail sales. When compared with the second quarter of 2001, Web sales increased 24.2%. The numbers are based on a survey of 11,000 retailers.