Online Clothing Sales Surpass Computers for the First Time; To Hit $22.1B in 2007
May 14, 2007
Americans last year spent more online on
clothing than they did on computers for the first time in history, according
to the first part of The State of Retailing Online 2007 report by
Shop.org and Forrester Research. The report found the apparel, accessories
and footwear category reached $18.3 billion in 2006 and is expected to hit
$22.1 billion in 2007.
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Media
and entertainment executives see the growing ability and eagerness of
individuals to create their own content as one of the biggest threats to
their business, 
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14.8% for 1Q07 from 14.2% in 4Q06, according to 
China's economy surged 11.1% in the first
quarter, causing the country's Cabinet to declare Thursday it will take
steps to keep the economy from overheating, reports AP. It was the highest
growth rate since Q2 2006's 11.5% growth, the fastest in a decade.
Worldwide
PC shipments totaled 62.7 million units in the first quarter of 2007, a
8.9 percent increase from the same period last year, 
