By The Associated Press
Published: Tue, April 08, 2008 - 5:40 am
Last Updated: Tue, April 08, 2008 - 5:44 am
NEW YORK (AP) - People may be reluctant to go intoShort URL: http://wkrg.com/a/12546/
brick-and-mortar stores to shop because of the nation's economic
woes. But they seem to have no problem going online to spend. A new
survey to be released today says online spending is expected to
rise a robust 17 percent this year. And this rise comes despite a
sluggish economy that has caused headaches for traditional
retailers. Internet analysis firm Forrester Research reports retail
sales online are predicted to grow to 204 billion dollars this
year, up from 174.5 billion last year. That's lower than the
21-percent increase from 2006. But industry officials say the
decline has more to do with what they call the maturing of online
shopping than the sluggish economy.
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Shopping online makes sense because I can sit down, make my purchases and keep going with my daily routine instead of spending the extra time and gas money driving around town just trying to find something. Prices are also easier to compare online. The stuff shows up at my front door without me standing in line, which you can’t put a price on.