$100 bil will be spent on US e-commerce in 2003

E-shopping is set to become a $100 bil business in the United States in 2003. The holiday season alone is set to log $12.2 bil worth of online sales–an increase of 42% over 2002, Forrester Research said. The market research firm attributed the increase in online sales to higher consumer spending on products such as apparel, home decor and sporting goods, coupled with an overall betterment of the economy.

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