Sales reducing in ecommerce sector

August 5, 2008 - 8:30am | Figures | News |
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e-commerce decrease Ecommerce marketplace is undergoing some recession which reflects an overall weakening in the American economy. The latest report from comScore prompts that online shopping is also taking a hit from the soft economy.

After a slight rise in April 2008 online spending lowered in both May and June as it is seen from the report.

"Recent comScore research reveals that fully two-thirds of consumers said they had not planned to spend their stimulus checks and rather intended to use the cash to pay off debt or put the money into savings," said Gian Fulgoni, comScore Chairman. "It's likely the impact of the stimulus may have been felt more offline, where a variety of merchants made it particularly easy for consumers to cash their checks at retail stores."

However offline retailers are not lucky to have those customers who cash their checks in-store.





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