Online shopping rises to $30.1 billion
December 30, 2005,
ROCHESTER, N.Y. – Online shoppers during the just-completed holiday season drove sales in the channel 30 percent higher than last year to $30.1 billion, according to a newly released report.
“Consumers continue to shop later in the online holiday season as their trust in on-time delivery grows,” said Anthony Noto, Internet and entertainment analyst, Goldman Sachs. “While 2005 holiday sales appear to be at the high end of expectations, continued heightened competition could hurt profitability.”
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