Online Retail Spending at $200 Billion Annually and Growing

Americans spent more than $200 billion on online shopping in 2011 and are expected to shell out $327 billion on internet stores by 2016. That's the estimate from a report released by Forrester Research Analyst Sucharita Mulpuru, who also predicts that online sales will make up almost 9 percent of overall retail sales by 2016, up from 7 percent.