The Internet research firm comScore (SCOR) said on Thursday that after flat Q1, U.S. online retail sales may have hit bottom for the year.
From Reuters: In a Web seminar focusing on the online economy through 2009’s first quarter, [comScore] compared zero growth in the first quarter…with a 3 percent dip in the holiday fourth-quarter.
“We’ll see things get better as we go through ’09,” said Chairman Gian Fulgoni. “But I don’t think we’ll see double-digit growth rates in ’09, and hope we’ll see growth rates of 5 percent or so in the second half of the year.”
“The good news is I think we bottomed out,” he said. “We’re not seeing a continuation of a trend downward.”