U.S. Retail E-Commerce Shows Promising Future: $161.5 Billion in 2011

Must Read

End Of Free Ride For Ola And Uber: GOI Sets New Rules For Cab Aggregators!

For long Ola and Uber have been enjoying the free ride on charging surge price from customers...

Google Pay Fee On Instant Transfer: An Indication Of Google’s Aggressive Monetisation Strategy?

Google has decided to levy fee on instant payment, starting from the US market.

Amazon Gets Slapped With Penalty As GOI Prepares To Tighten The Noose On Ecommerce Players!

In a recent move, the Indian Government slapped Amazon on its wrist for not mentioning the country...

The online shopping in the last year was all time high—estimated to reach $35.3 billion. A research analysis firm had tracked online consumers in interval Nov 1 to Dec 25 of 2011, which was 15% higher than same period in 2010.   Last week, Amazon announced its Q4 results, the company has reportedly generated revenue $17.4 billion— 35% higher than $12.95 billion in the same quarter a year ago. However, the company’s revenue has fallen below Wall Street’s estimation ($18.26 billion). A research analysis firm—ComScore—has reported that US retail spending reached to $49.6 billion in Q4 of 2011—increased by 14% from same quarter a year ago.  The firm also revealed that the entire US retail e-commerce spending reached to $161.5 billion in last year, up by 13% from 2010. The growth showed nine consecutive quarters positive augment year-over-year and also five consecutive double digit growth rates.

The chairman of ComScore—Gian Fulgoni—said, “The fourth quarter of 2011 capped off what was yet another strong year for online retail, one in which every quarter achieved double digit increases versus the prior year. In the face of continuing uncertainty regarding the US economy, consumers increasingly went online for their shopping needs. Price and convenience continue to be the critical value drives for e-commerce, and unless those conditions change we can expect to see more channels shifting to online in 2012 and perhaps even acceleration in the current growth rate.”

Digital contents & subscriptions, Jewelry & watches, consumer electronics, toys and hobbies, and computer software were the top-performing online products last year—at least 18% growth was seen to each category than 2010. The magic figure of $1 billion was being surpassed by ten days in Q4 last year including Cyber Monday ($1.251 billion), Dec 5 ($1.178 billion), and Green Monday ($1.133 billion).

Smartphone and Tablets played a vital role in online shopping last year– consumer increasingly using smartphone for getting information of price and products’ features. A previous study had estimated, mobile commerce sales would reach $6.7 billion by the end of 2011—which was 91.4% higher than 2010. The study also explained that the total mobile commerce sales would attain the figure of $11.5 billion by the end of this year.

Advertisements

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Apple Mac Devices Are Being Affected By A New Malware Meant To Spy And Steal Information

If you are a Macbook user, then beware! There’s a new form of malware doing rounds on...

Decoding Slack Acquisition: A Move To Give Microsoft Taste Of Their Own Medicine?

The acquisition of Slack has left many surprised. The popular workplace messaging app Slack recently sold its business to...

The Launch of ATT Feature Will Make Apple-Facebook Privacy Feud Nasty

Apple's firm stand has itched Facebook's co-founder Mark Zuckerberg. Much of today's internet usage has become heavily...

OYO, Pandemic and Future: CEO Agarwal Makes Big Claims

If there is one sector at which the pandemic really took a swing, it is the hospitality industry. But that's not the...

UPI Transactions To Cross Record 6.5 Billion In Q4 2020

The number of UPI transactions has crossed 2 billion mark in a second consecutive month. With that, it's clear that the number...

Facebook Acquires Kustomer: Social Commerce Is The Next Big Thing, For Sure!

In a bid to strengthen its social commerce’ arm, Facebook has recently paid top dollar for their recent acquisition.

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This