Fred Harteis/ Greg Duncan / Orrin Woodward – Retail News
Answers to interesting retail business questions from Fred Harteis, Orrin Woodward and Greg Duncan
Fred Harteis: Harteis International Holiday Online Growth
Q. How much did online holiday sales increase last year?
A. Fred Harteis: Online holiday sales were $114.1 billion. That was an increase of 51%.
Q. What’s forecast for this year?
A. Fred Harteis: Forecasts vary. In general, online sales are expected to increase 27% this year to $144 billion.
Greg Duncan – WWDB: General Holiday Growth Last Year
Q. Did holiday sales increase over all last year?
A. Greg Duncan – WWDB: Yes they did. Holiday sales grew by 5.1% in 2003 to $210.4 billion.
Greg Duncan leads WWDB team, World Wide Dream Builders
Orrin Woodward: Loss Due To Shoplifting
Q. How much did retailers lose last year due to shoplifting?
A. Orrin Woodward: In 2003 the National Retail Federation reported that retailers lost over $10 billion due to shoplifting, and they lost nearly $16 billion more due to employee theft.
Orrin Woodward is co-founder of TEAM Teams
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