Sales Jump 51% at Online Retailers
From Associated Press
Online retailers collectively made a profit last year for the first time as sales jumped a better-than-expected 51%, in a sign of continued resilience in e-commerce, an industry survey found.
Online sales surged to $114 billion last year, surpassing forecasts of $96 billion, fueled by the travel category, according to an annual survey of 150 retailers conducted by Shop.org, the online arm of the National Retail Federation, and Forrester Research.
The online retailers broke even in 2002 as sales totaled $76 billion.
