Online Sales Exceed $100 Billion
E-tailers garnered more than $100 billion in sales in 2003, according to a joint study between the National Retail Federation’s Shop.org division and Forrester Research Inc. The annual report, titled “The State of Retailing Online 7.0,” surveyed 150 retailers and found their sales jumped 51 percent to $114 billion last year. The report further found that e-tailing now accounts for 5.4 percent of all retailing. Apparel did not make the top three e-tail growth categories, which were travel, home and office, and computer hardware and software.
