Feeds

US online sales nudge $20bn in Q1

Which is nice

  • alert
  • submit to reddit

Build a business case: developing custom apps

US consumers are increasingly seeing the internet as an alternative way to purchase goods as illustrated by the continuing rise in revenues from ecommerce retail sales.

US retail ecommerce sales for the first quarter of 2005 were $19.8bn, an increase of 6.4 per cent from the fourth quarter of 2004. Total retail sales for the first quarter of 2005 were $916.9bn, a sequential increase of just 1.5 per cent and 7.3 per cent up year-on-year.

Year-on-year, ecommerce revenues, which were adjusted for seasonal variation and holiday and trading-day differences, reveal a more significant increase of 23.8 per cent.

Sales over the internet accounted for 2.2 per cent of total retail sales, a figure that continues to increase quarter on quarter. In the fourth quarter of 2004 ecommerce sales accounted for 2.1 per cent of total sales, while in the first quarter of 2004 this figure was just under 2 pe rcent.

Since the Department of Commerce began tracking online retail sales in 1999, ecommerce sales have increased as a percentage of total sales from 0.6 per cent to the current figure of 2.2 per cent.

Ecommerce has emerged as one of the fastest growing sales channels for US retailers. According to Forrester Research, ecommerce in the US will grow at 10-20 per cent compound annual growth over the next five years and reach $316bn by 2010. The research firm predicts that by 2010, 77 per cent of US households will have regular online access, with 40 per cent buying online.

Purchases over the internet, email or other electronic networks, referred to as ecommerce sales, include most goods and services but exclude online travel services, ticket sales and services of financial brokers and dealers.

© ENN

Related stories

Supreme Court okays net wine sales
Small firms surfing web to non-local markets
E-crime to rocket in 2005
Online stores 'pricing out' high street retailers
'Clicks and bricks' trick tempts window shoppers
Etailers fail ecommerce test

The essential guide to IT transformation

More from The Register

next story
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?