Online Retail Soars As Cyber Monday Approaches

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Online Retail Soars As Cyber Monday Approaches

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11-21-2006, 10:58 AM

Joe

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Join Date: Oct 2006

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Online Retail Soars As Cyber Monday Approaches

The Department of Commerce reports that online retail sales in the third quarter grew at four times the rate of total retail sales. In total, online retail sales in the third quarter reached $27.5 billion, which represents a 20.9% increase over the third quarter in 2005. In comparison, total offline retail sales for the third quarter 2006 are only up 5.1% from a year ago.

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Tags: approaches, cyber, monday, online, retail, soars

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