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.