Over $11 billion in online shopping from Nov 1st

Author
Aron Schatz
Posted
December 23, 2002
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771
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That is a pretty large amount. Now, I'd like to have just %1 of that. I'm not greedy Smile.

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That number--an increase of about 40 percent from the same period last year--comes from shopping comparison site BizRate, which surveys consumers as they finish making purchases. BizRate has about 2,000 stores in its database.

The figures arrive amid a discouraging season for retail in general. Major retailers including Wal-Mart, Federated Department Stores and Kmart all noted that sales for the holiday season would be at the low end of their forecasts, or miss them altogether.

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