Online Retailers Brace for Big Growth

Paul Lilly

Thriving online retailers in the U.S. have nothing to worry about, or at least that's the case according to a new report by market research firm Forrester Research.

According to Forrester Research, the online retail business in the U.S. has a good shot at growing 10 percent a year compounded annually, climbing as high as $249 billion by 2014. Things are looking good in Western Europe too, where sales are expected to jump 11 percent annually over the next five years.

So what items are driving this kind of growth? Not too surprisingly, computer hardware, software, and peripherals are the big sellers, accounting for than half for half of U.S. online sales as a percentage of total category sales. Consumer electronics and clothing are two other areas that are also doing extremely well.

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