Business Services Industry
Retail Expert: Online, In-Store Holiday Sales to Increase.
AScribe Business & Economics News Service, October, 2006
Byline: Purdue University
WEST LAFAYETTE, Ind., Oct. 17 (AScribe Newswire) -- With gas prices moderating and three in four homes nationwide connected to the Internet, a Purdue University retail expert predicts store and online holiday sales will ring up significant increases this year.
"The outlook is very positive for retailers this holiday shopping season, but that is especially true for e-holiday retailing," says Richard Feinberg, director of the Purdue Retail Institute and Center for Customer-Driven Quality. "Online sales will increase 20 percent this year compared to last year."
He predicts online sales will grow from $20 billion last year to $24 billion this year. Traditional retail holiday shopping nationwide is expected to reach $450...
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