U.S. Online Sales Growth Slows Amid Holiday Shopping Slump

U.S. Internet holiday sales are growing at the slowest pace on record as shoppers put off purchases ahead of year-end bargains.

Sales from Nov. 1 through December 11 increased 19 percent to $20.5 billion, Reston, Virginia-based ComScore Inc. said yesterday. Online sales in November and December may rise 20 percent, a record low for the industry, and slower than the 26 percent pace of a year earlier.

U.S. retailers may see the worst sales growth since 2002 this year as higher fuel and food costs discourage spending during the holiday gift-giving season, the National Retail Federation said.

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- Posted: 2007-12-14 08:30:12

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