Posts Tagged ‘payment card industry’

Growth of Online Shopping

Wednesday, September 15th, 2010

Even during the economic downturn in the market, online shopping continues to increase year over year.  In 2007, consumers spent $175 billion compared to the $144 billion spent in 2006.  This equates to a 21% growth.  Although 2008 doesn’t appear to reflect the same year over year growth, total consumer spending online was $204 billion, or 17% growth.   By 2010, total consumer purchases online is anticipated to reach $270 billion.

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