Forrester study also shows that U.S. consumers are spending more dollars online for clothing than for computer equipment.
By Reuters
Published: May 14, 2007, 5:32 AM PDT, Cnet News.com
E-commerce is moving "full steam ahead" and is years away from saturation, with double-digit growth expected for several years, according to an online-retail industry report published Sunday.
The survey, by Forrester Research for Shop.org, the National Retail Federation's digital division, also showed that 2006 was the first year consumers in the United States spent more money online buying clothing than buying computer equipment.
The industry's 25 percent growth in 2006 to $220 billion was above expectations of 20 percent and matched growth seen in 2005, the report found.
"The channel continues to move full steam ahead while capturing a larger share of total retail sales," said the study, the first of two industry reports compiling data from 170 retailers.
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