Study: Online Retail Sales Up 23.8%

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U.S. online retail sales grew 23.8 percent last year to $141.4 billion, according to Forrester Research's State of Retailing Online 8.0 study released today for the National Retail Federation's e-commerce division.

Excluding travel, e-commerce grew 23.8 percent to $89 billion, accounting for 4.6 percent of retail sales in all channels.

The report projects that 2005 online sales, including travel, will rise 22 percent to $172.4 billion. The online sales figure, excluding travel, is expected to reach $109.6 billion.

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