The Top 500 apparel chain plans to expand its reserve online, pick up in store program, as well as its presence in China.
Nothing but up
Fourth quarter online retail sales reached $17.2 billion, 25.1% over fourth quarter 2002, the Commerce Department reported.
Topics: business finance
Fourth quarter online retail sales reached $17.2 billion, 25.1% over fourth quarter 2002, the Commerce Department reported last month. The Q4 numbers brought full-year online retail sales to $54.9 billion, up 26.2% from $43.5 billion in 2002.
Total retail sales last year were up 5.5% to $3.42 trillion from $3.24 trillion the year before, the Commerce Department reported. For the year, online retail sales accounted for 1.6% of all retail sales as measured by the Commerce Department vs. 1.4% in 2002.
The percentage of online sales was even higher in Q4, when they accounted for 1.09% of all sales.
The Commerce Department bases its numbers, net of returns, on a survey of 11,000 retailers nationwide.