The National Retail Federation cited a report by Forrester Research (FORR) saying that the online retail sales market should surge by 18 percent this year to reach the $259 billion mark.
For last year, even when you take away the online travel market, online sales grew to $174.5 billion, a sharp increase from $146.5 billion the year before. The total equals 6 percent of all retail sales in 2006.
"As consumers flood the Web to purchase merchandise and research products, online retail is moving full speed ahead," said report author Sucharita Mulpuru in a statement. "This strong growth is an indicator that online retail is years away from reaching a point of saturation."
For the first time retail sales of clothing sales bypassed computer sales, finishing with 18.3 billion for the year. Computer sales stood at $17.2 billion.
This reveals that women are increasingly using the Internet for their shopping needs. This year online sales of clothing, accessories and footwear will reach an estimated $22 billion. Online sales are expected to reach 10 percent of all retail sales this year.
» Parenting Sites Most Visited Online UK Destinations, Young Women Use Internet the Most from TheAlphaMarketer
According to the BBC, citing a Nielsen/Netratings report, young women in the 18-34 age group are now the predominate group that use the Internet in the UK. They account of 18 percent of all Britons using the Internet.Not only are... [Read More]
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