Is Barry Diller a non believer? Barry Diller, CEO of IAC/Interactive Corp., says buying online is "unnatural" and will account for no more than 10 percent of the retail marketplace.

Jewelers Circular Keystone, December, 2005 by DeMarco, Anthony

The online and multichannel retail executives who gathered at the Shop.org annual summit were mostly young, intelligent, and passionate about the industry they invented. Throughout the two-day conference in Las Vegas, participants spoke proudly about the phenomenal growth of online retailing during the past 10 years and expressed optimism that the good times will continue. They largely spoke with one voice, sharing similar research, and drawing like-minded conclusions.

[ILLUSTRATION OMITTED]

[ILLUSTRATION OMITTED]

It took one older, slightly cranky, and immensely successful capitalist to throw a splash of cold water on the two-day festival of back patting.

Barry Diller, chairman and chief executive officer of IAC/Interactive...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.