Annie DInnocenzio
No image available
/ 25 May 2004

US online retailers reach profitability

Online retailers in the United States collectively made a profit last year for the first time as sales jumped a better-than-expected 51%, in a sign of continued resilience in e-commerce, an industry survey found. Online sales surged to -billion last year, surpassing forecasts of -billion, fuelled by the travel category, according to an annual survey of 150 retailers.