Web shopping only holiday retailing bright spot, Purdue expert says
Thursday, November 13, 2008 - 17:42
in Mathematics & Economics
Despite anticipated weak holiday retail sales overall, Internet holiday shopping is expected to increase at least 10 percent, said a Purdue University retail expert. Online sales are estimated to be $35 billion to $40 billion this holiday season, which is less than 7 percent to 9 percent of all holiday shopping, said Richard Feinberg, a researcher with the Purdue Retail Institute.