US Online Retail Growth Hit Hard By Slowing Economy

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US Online Retail Growth Hit Hard By Slowing Economy

05-31-2008, 10:20 AM,

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mandy Offline

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US Online Retail Growth Hit Hard By Slowing Economy

Quote:The symptoms of a troubled economy are impossible to ignore: credit's tight, housing prices are down and prices of consumer goods are up.

So what does all this mean for online retailers? According to comScore, e-commerce is feeling it more than the offline segment, and the main culprit is inflation.

"As you are obviously aware, the U.S. economy is facing some severe headwinds at the moment," comScore Chairman Gian Fulgoni said during a conference call this morning. "e-commerce at this point is getting hit harder than retail sales in terms of growth rate. My hypothesis is that's being driven by in inflation and the rise in prices for gas and food that have to be bought offline."...

full article: http://www.ecommerce-guide.com/news/article.php/3750206

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