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February 20, 2007. Internet spending to explode. Online shopping could quadruple and account for almost 40 of retail sales by 2020, according to a new report. Based on current growth trends, internet spend could rise to 40bn by the end of this year and hit a staggering 162bn in 13 years time, according to new research. Over the last year, broadband prices have fallen by up to 17, while speeds have gone up, making it cheaper and simpler for consumers to log on instead of going out to the shops. The a.PARSED CONTENT
The site states the following, "Online shopping could quadruple and account for almost 40 of retail sales by 2020, according to a new report." I noticed that the web site said " Based on current growth trends, internet spend could rise to 40bn by the end of this year and hit a staggering 162bn in 13 years time, according to new research." They also stated " Over the last year, broadband prices have fallen by up to 17, while speeds have gone up, making it cheaper and simpler for consumers to log on instead of going out to the shops."