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e-Commerce Takes A Hit From Falling Economy, But Remains Brisk

By ALM Staff | Law Journal Newsletters |
February 26, 2009

The battered economy appears to have caught up with e-commerce, by the way the U.S. Census Bureau's estimated retail sales for the fourth quarter of 2008 look.

The government said last month that its estimate of e-commerce retail sales for October through December of 2008 came in at $31.9 billion, a dip of 5.7% (+2.1%) from the third quarter of 2008, when estimated e-commerce sales were $34.4 billion, a modest increase of .03% from the second quarter. It was a steep quarter-to-quarter drop, but still a healthy showing for spending at a time when consumers are pulling their belts tighter and, as a result, going online to shop, in some cases, for bargains. e-Commerce counsel have been busy advising clients who have been scrambling to accommodate some uptick in activity, e-commerce experts and economists say.

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