Thursday, January 3, 2008

U.S. Holiday Web Sales Rise at Slowest Pace on Record

(Bloomberg) - Internet sales by U.S. retailers during the holiday season rose at the slowest pace on record as consumers grappled with $3-a-gallon gasoline and the worst housing slump in 16 years.

Online spending from Nov. 1 through Dec. 27 increased 19 percent to almost $28 billion, from $24 billion a year earlier, Reston, Virginia-based ComScore Inc. said yesterday in a statement. Sales growth trailed last year's 26 percent

Read more at Bloomberg

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