Industry | 2009.11.02
Forrester: Web Remains Retail Industry’s “Growth Engine” This Holiday
CAMBRIDGE, Mass.--(BUSINESS WIRE)--With overall retail sales expected to show no gain this holiday shopping season, online retail sales in the US will reach $44.7 billion this holiday season, an eight percent increase over last year, according to a new forecast by Forrester Research, Inc. (Nasdaq: FORR). The growth rate represents an increase from 2008, when, on the heels of the worst of the global financial crisis, online holiday retail sales in the US grew just five percent. Forrester defines
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