TITLE

Valentine's reveals a growing willingness to shop online

AUTHOR(S)
Rafee, Azhar
PUB. DATE
March 2005
SOURCE
New Media Age;3/3/2005, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
This article comments on the successful online retail sales in the U.S. in February 2005. According to Verisign, which processes more than one-third of all North American online commerce transactions, online purchases made from February 1 to February 14 totaled $3.9 billion, up 30 percent year on year. Online diamond sales posted the largest increase during the period, rising nearly 130 percent from year ago, to $1.6 million. underway. Purchases over the Internet, by email or through other electronic networks, increased to a seasonally adjusted $18.4 billion to capture a record 2 percent of overall retail sales. The USC Anneberg School Center for the Digital Future's report entitled, Ten Years, Ten Trends, showed growing numbers of shoppers reporting that buying online reduces some purchasing in traditional stores. More than two-thirds of Internet users who buy online say their offline purchasing has been reduced.
ACCESSION #
16500907

 

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