Tuesday, May 25, 2004
The Associated Press: "Online Retailers Collectively Make Profit
By ANNE D'INNOCENZIO - AP Business Writer
NEW YORK (AP) -- Online retailers collectively made a profit last year for the first time as sales jumped a better-than-expected 51 percent, in a sign of continued resilience in e-commerce, an industry survey found.
Online sales surged to $114 billion last year, surpassing forecasts of $96 billion, fueled by the travel category, according to an annual survey of 150 retailers conducted by Shop.org, the online arm of the National Retail Federation, and Forrester Research, an Internet research company..."
By ANNE D'INNOCENZIO - AP Business Writer
NEW YORK (AP) -- Online retailers collectively made a profit last year for the first time as sales jumped a better-than-expected 51 percent, in a sign of continued resilience in e-commerce, an industry survey found.
Online sales surged to $114 billion last year, surpassing forecasts of $96 billion, fueled by the travel category, according to an annual survey of 150 retailers conducted by Shop.org, the online arm of the National Retail Federation, and Forrester Research, an Internet research company..."
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