By  on July 1, 2014

Don’t rule out the need for physical stores even as more retailers increase their online presence.

That’s the conclusion of Moody’s Investors Service, which said it expects online sales of apparel and footwear, as a percent of total retail sales, to rise to about 16 percent by 2016. Online retail sales in general are expected to grow 14 percent annually over the next two years.

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