Online Retail Sales Rise

on February 25, 2004, no comments

dualit-yellow.jpg Yet another online record! This time it was Internet retail sales which saw double digit growth in the fourth quarter to the tune of $17.2 billion. The numbers were released in a US federal Department of Commerce report which also estimated that the fastest-growing online retail segments were:

- Computer hardware/software (+38%)
- Consumer electronics (+28%)
- Furniture/appliances (+58%)
- Jewelry/watches (+41%)
- Music/movies/videos (+47%)

Increases in the furniture/appliance category is particularly impressive. You would think the shipping costs of a La-Z-Boy and the desire to try before you buy would prohibit growth. But who am I to say - I bought my Dualit online.

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