ECommerce Almanac reports online growth

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Online merchants reported 228% growth in revenue for the fourth quarter of 1998 compared with the same period in 1997, according to the eCommerce Almanac. Revenue for the year was up 549% over 1997, the report concluded. Also, in an effort to build their online brands, 86% of merchants spent ad dollars on a mix of traditional media, while only 14% focused their advertising dollars exclusively online. The eCommerce Almanac is a semiannual guide to high-end e-commerce sites, published by the Intermarket Group.

Copyright February 1999, Crain Communications Inc.

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