The Top 500 apparel chain plans to expand its reserve online, pick up in store program, as well as its presence in China.
Online Shopping Slows in July
Editor in Chief
Cambridge, Mass.-based Forrester Research and The National Retail Federation in conjunction with Greenfield Online, today released the latest NRF/Forrester Online Retail Index, which shows that total sales from online spending increased less than 1% in July, from $4.01 billion in June to $4.03 billion. Office supplies was the low-priced, small-ticket category that had the greatest increase, from $110 million in June to nearly $150 million in July. Spending on videos increased from $80 million in June $94 million in July. For big-ticket items, the appliances category experienced the highest sales increase, jumping from $30 million in June to $$50 million in July. Computer hardware had the largest decrease for big-ticket items, dropping from $424 million in June to $377 in July.