Not that there’s reason to expect anything different, but online retail sales are expected to slow for the first time ever this holiday season, thanks to the lousy economy. That’s the word from Forrester Research (FORR), which expects holiday shoppers to spend $44 billion online this year. That’s a 12 percent increase over 2007, but less than the 18 percent increase the firm saw over 2006. And it’s the slowest rate of growth for online retail to date. Said Forrester analyst Sucharita Mulpuru, “While eCommerce has traditionally been resistant to negative offline trends, growing concerns about the stability of the economy are finally affecting consumers’ online shopping decisions.”
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size. 11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Not that there’s reason to expect anything different, but online retail sales are expected to slow for the first time ever this holiday season, thanks to the lousy economy. That’s the word from Forrester Research (FORR), which expects holiday shoppers to spend $44 billion online this year. That’s a 12 percent increase over 2007, but less than the 18 percent increase the firm saw over 2006. And it’s the slowest rate of growth for online retail to date. Said Forrester analyst Sucharita Mulpuru, “While eCommerce has traditionally been resistant to negative offline trends, growing concerns about the stability of the economy are finally affecting consumers’ online shopping decisions.”
