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Cautious consumer spending dampens online sales

Another great article from Internet Retail.

-DF

Cautious consumer spending dampens online sales

Cautious consumer spending had an impact on online sales in the second quarter, the U.S. Department of Commerce reported today.

Online retail sales in the second quarter were down 4.5% from Q2 last year, the Department of Commerce reports. Sales in Q2 2009 were $30.8 billion compared to $32.2 billion a year ago, on a basis that does not adjust for trading days or price changes. On an adjusted basis, sales declined 4.4% to $32.4 billion from $33.9 billion a year earlier.

By comparison, Internet audience measurement company comScore Inc. reported last week that Q2 online sales were down 1% from the year-earlier quarter.

To Read the full article, click here: http://www.internetretailer.com/dailyNews.asp?id=31495

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Written by David Frederick

August 18, 2009 at 6:03 PM

Posted in Business, Economics, General

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