Macroeconomic woes will hurt online retail sales this holiday season in the U.S., causing them to increase only a "humble" 12 percent over 2007, Forrester Research says.
Concerned about their finances, U.S. residents will spend $44bn in retail purchases online during November and December, the period Forrester defines as the holiday shopping season.
The expected growth rate is the slowest since Forrester began tracking e-tail holiday spending, says analyst Sucharita Mulpuru. "The key takeaway from our report is that spending is decelerating."
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