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Internet Sales expected to reach 15%!
Analysts are anticipating the growth in internet retail to continue through 2008 with approximately 15% of ALL retail sales being undertaken online. Christmas 2008 is expected to see a boost of 50% from previous years.
Many analysts say that the 24/7 availability, not having to wait in queues and especially competitive pricing are all driving more and more consumers to shop online.
The 30 - 40 age group are the most likely to buy online, however one of the main markets that retailers can focus on are the 40+ age group whose online purchasing power is expected to grow and grow as more and more in this age group adopt the technology.
Published in March 2008 newsletter
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