Magazine article Nation's Cities Weekly

On-Line Retail Sales in February Dip Slightly

Magazine article Nation's Cities Weekly

On-Line Retail Sales in February Dip Slightly

Article excerpt

$1.8 Billion Goes Untaxed

by Doug Peterson

Retail sales over the Internet slowed a little from their January levels according to the recently released, "National Retail Federation/Forrester Online Retail Index" for the month of February. Total retail on-line sales dropped from $2.7 billion to $2.3 billion and active shoppers dropped from 13.7 million to 12.6 million. On a daily basis, $89.8 million dollars a day were sold in January and $81.3 million a day in February. Based on other Forrester Research, that sales (use) taxes are collected on about 20 percent of the dollar volume of online retail transactions, the February figures would mean that about $1.8 billion in retail sales escaped state and local taxes.

Among retail categories airline tickets continued to lead the way, as they did in January with over $280 million in total sales. Computer hardware maintained its position in third place with $152 million in sales, despite dropping off by 32 percent from January levels. …

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