E-Commerce News: E-Commerce: Online Sales Beat Expectations in Q2
E-Commerce News: E-Commerce: Online Sales Beat Expectations in Q2
Online Sales Beat Expectations in Q2
By John P. Mello Jr.
E-Commerce Times
08/11/05 7:39 AM PT
"After a somewhat slow start to the year, in which seasonality tempered online sales, the rising tide of offline sales lifted online boats this quarter to exceed expectations," Forrester analyst Carrie A. Johnson said in a copy of the report.
Online sales approached US$39 billion in the quarter ending in June, according to a report from Boston-based Forrester Research.
That's a 25 percent increase over a comparable period last year and a slight increase over the quarter ending in April when sales were US$38 billion.
Forrester analyst Carrie A. Johnson, who wrote the two-page report with colleague Sean Meyer, asserted that the strength of the second quarter numbers are a bit of a surprise, especially compared to last year when seasonal factors forced a decline in sales from the first to second quarters.
Offline Lifts Online Boats
On Track to Crack $170 Billion
Nevertheless, she maintained that sales for the year are on track to rise 22 percent.
Earlier this year, Forrester and Shop.org, the online arm of the National Retail Federation (NRF) in Washington, D.C., released survey findings predicting Web sales would climb 22 percent this year to $172.4 billion.
Good Year for Retailers
"Online sales are continuing to grow beyond most people's expectations," she told the E-Commerce Times.
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