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Old 19th November 2004, 01:46 PM   #1
Robert
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Default E-Commerce Boom is in the Numbers

Source: InternetNews.com

E-Commerce Boom is in the Numbers

http://www.internetnews.com/ec-news/article.php/3438461

The U.S. Department of Commerce (DoC) statistics on retail e-commerce released this morning illustrate it's on the rise and actually outpacing total retail sales in at least one metric.

On a non-adjusted year-over-year basis, the DoC reported that e-commerce sales grew by 21.2 percent over the same quarter last year.

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Old 23rd November 2004, 08:21 PM   #2
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Thumbs up Online retailing is hot!

That's a powerful statistic -- and one that is only going to grow bigger in future years.

I think it is related to the fact that buyers want a great shopping experience. They can get that with Internet retailers.

(1) Huge selection - Many Web stores offer a much greater selection than brick-and-mortar stores, which often don't have the floor space for a wide selection. Just consider the posterchild of massive selection: Amazon.

(2) Service - Online retailers have gotten better at great service. The tech tools that sites now have to work with are much better than they were a few years ago. Online sellers can finally rival the personal touch of regular stores, through better tech.

(3) Convenience - During the holiday season, with inclement weather and hazardous driving conditions and grumpy crowds, it sounds downright inviting to shop online.

Best,
Anita

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Old 23rd November 2004, 08:52 PM   #3
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Default

You nailed it, Anita. I already have 90% of my Christmas shopping done and I've yet to visit a physical store. All the reasons you mentioned come into play.

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