Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Incremental Online Shopping Growth Seen
Dec 31, 2002
 Printable format
 Email this Article
 Search

In 2001, the last full year where numbers are available, the U.S. Department of Commerce broke out e-commerce sales versus total U.S retail sales which revealed the U.S. $3.16 trillion retail industry saw a total of $37.7 billion in sales take place online -- comprising 1.2 percent of the total.

This year e-commerce is tracking about the same. Through the third quarter, the last full quarter where numbers are available, total retail sales were $856 billion versus $11 billion in e-commerce, about a 1.3-percent share.

Although online shopping is growing, even if it grew 10 percent per year and the rest of retail remained stagnant it would take until 2013 before e-commerce garnered just more than 10 percent of total sales.

Although the numbers are not large, the data shows that "channel shifting" is taking place on the part of consumers toward online shopping, according to Max Kalehoff, a senior manager at comScore Networks, a Reston, VA, U.S.-based company that tracks online shopping. "If you look at the total economy, this season has been one of the worst [for retail sales] in recent memory, but the online sector is still doing quite well. What you have is a redirection of sales from offline to online channels," Kalehoff added.

The numbers from comScore for the week before Christmas released show significant growth for the online retail industry. Sales totaled $1.9 billion, a 19 percent increase from a week before Christmas 2001. With two weeks left to the end of the fourth quarter, e-commerce spending is expected to total about $13 billion -- up almost 30 percent from last year. While sales of computers and high-tech peripherals were down by about 1 percent over last year there were big gains made in Home and Garden, a 78 percent increase; Furniture and Appliances, a 75 percent increase; and Toy shopping online with a 61 percent increase. (InfoWorld)

Back to Daily News

 

Daily News

...........................................................

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows