eCommerce will thrive in 2009

Gareth    eCommerce    

So despite the economic downturn, eCommerce projections estimate that online retail will continue to thrive as budget constrained customers turn to the internet for their product research and to get a good deal.

Our old friends at eMarketer has some good tats showing how US online retail grew 6% in 2008 compared with 2% for the high street, and we all know Amazon’s grew 31%. ASOS, who focus on the internet clothing fashion space also saw strong revenue growth and profits in 2008.

In fact, US eCommerce sales are expected to grow 12.5% in 2009, 11.1% in 2010, and 9.9% in 2011. The majority of this growth will be in categories such as online fashion, groceries, and household goods.

With better presentation, more information, reviews, advice, better security, and fast broadband systems – there is plenty of rationale behind these figures.

As that famous pop group once sang (I forget their name!) – “things – can only get better”.

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