Facts state that US online sales rose 19% during 1 November – 27 December as compared to the corresponding period during last year. A great boom in the purchase of gifts online was witnessed as sales reached $28 billion minus auctions happening in travel industry and others. Well, the growth rate is lower than the previous year which stood at 26%. One ends up perceiving credit crunch as the reason behind downbeat effect on retail sales.
Via BBC 
