comScore Sees U.S. Online Sales Bottoming

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.”

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