So it took high gas prices to encourage you to develop a fuel-saving strategy, huh? You’re not alone. Welcome to the dark side! Depending on your perspective, online sales are up either despite or because of the economic slowdown. A growing number of shoppers are deciding to skip trips to the mall in favor of online shopping.
Even as many brick-and-mortar stores are struggling, 11% of US consumers surveyed by Nielsen in June 2008 said they were shopping more on the Web as a result of gas prices.
"E-commerce is a bright spot," said Jeffrey Grau, senior analyst at eMarketer. "While retail store growth is in the middle-low single digits, e-commerce is still growing at least in the mid to high teens."
The Times reported that Gap had an 11% decline in same-store sales in Q1 2008, but a 21% increase in online sales.
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Source: eMarketer.comSee the Top Ten Summer 2016 Trends for Women Over 40