E-commerce has increased significantly from the moment it emerged. In order to give better understanding of the e-commerce growth, some statistical information about retail e-commerce sales (e-tail) released by US Census Bureau is provided in this post. E-tail sales have reached 4.1% in 2010 while they were only 1% of total retail sales in 2001. The diagram below shows how the percent of e-tail trade was increasing gradually during the last ten years.
Total sales via e-commerce increased from $27.6 billion in 2000 to $143.4 in 2010. A compound annual growth rate is about 20 percent. It is impressive how fast many people have changed the way they obtain products. As it is shown in the diagram below, the rate of growth is slowing down, but e-tail sales continue to rise steadily.
1 comment:
How can one argue the benefits of purchasing online. I can wake up, grab a cup of coffee and sit down and go shopping, no dealing with lines, or traffic. I personally love online shopping, it makes birthdays and holiday shopping so much simpler.
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