We know there is an economic downturn. That is probably and understatement. No one expected online shopping to be immune, but most just expected tempered growth- slow growth or break-even rather than the unprecedented meteoric rise in years past.
The Wall Street Journal has a post about the forecast for the end of 2008 and figures for the year so far. The news does not look good.
Online sales actually dipped during the first 23 days of November. I guess it might be too soon to write-off the holiday season.
A lot of shoppers may wait until after "black Friday" as they often do. Internet retailers are going after these shoppers as aggressively as ever.
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