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April 08, 2008
NRF Predicts Boom In Online Apparel Sales
Although sales have slowed for brick-and-mortar retailers, online sales of apparel, footwear and accessories are expected to climb to $22.7 billion this year, according to National Retail Federation estimates.
In 2007, only 10% of the sales in these categories were done online but that figure is expected to reach 12% this year, presenting a distinct opportunity for apparel and accessories retailers.
Total online sales are projected at $204 billion this year, up from $175 billion last year, as bargain hunters and convenience shoppers continue to flock to the Net.
Posted by Blacks on April 8, 2008 09:24 AM
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