Rate recently has decelerated to 10 percent a year, says MasterCard.
The growth rate for online sales seems to be slowing somewhat, according to MasterCard VP Sarah Quinlan. Speaking at a conference this week, Quinlan said that, “While Internet sales were gaining at rates of as much as 15 percent annually a few years ago, they have decelerated to below 10 percent growth more recently,” reports the Bergen Record. “And, Quinlan said, it is important to remember that online sales still make up only 6.3 percent of total retail sales, according to MasterCard statistics.”
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