Contact Us          Submit a News Story          News Archives          Home
   

Google
E-Commerce News

eCommerce sales to rise by almost 25 percent in 2005

May 31, 2005

According to a new survey released by Shop.org and conducted by Forrester Research, eCommerce retail sales in the US are expected to rise by about 25 percent in 2005.

What's more, Forrester predicts Internet retail sales to grow to over $109 billion in 2005 from $89 billion last year. Including travel revenues, total eCommerce sales are forecasted to increase to over $172 billion from $141 billion.

The projections are in line with eMarketer's latest online retail estimates. Using US Department of Commerce figures as a baseline, eMarketer estimates that US online retail sales will reach $84.5 billion this year, a 22.1% increase. Unlike eMarketer, Forrester includes online auction gross merchandise sales in its totals.

"Internet retailing has entered its young adulthood," said Jeffrey Grau, eMarketer Senior Analyst and author of eMarketer's "E-Commerce in the US" report. "The next ten years will be marked by a deepening consumer acceptance of online purchasing."

The new Shop.org report predicts that the impact of female online shoppers will be greatly felt this year.

"Though initially adopted by men as a shopping tool, women are flocking to the Internet in droves to comparison shop, research, and buy," said Scott Silverman, executive director of Shop.org.

The report predicts that growth will be particularly strong in segments popular among female shoppers. Online sales of cosmetics and fragrances will rise 33%, sales of over-the-counter medications and personal care will increase 32%, sales of jewelry and luxury goods will be up 31% and flower, card and gift e-commerce will increase by 30%.

In its "Women Online" report, released earlier this year, eMarketer noted the rising influence of women shoppers online.

"Historically, many of the things women buy most often have been the hardest to sell online," said Debra Aho Williamson, senior analyst at eMarketer and author of the report. "Apparel, shoes, cosmetics, groceries these are infinitely more difficult to merchandise online than books or computer software. However, there are signs that this is changing."

Apparel was the largest online shopping category in total revenue during the 2004 holiday season, according to research by Goldman, Sachs & Co., Harris Interactive and Nielsen//NetRatings.

Source: eMarketer



Advertise on E-Commerce News

Advertise on E-Commerce News and increase your site's visibility while boosting your sales.

If you have a product or service that deals with the ecommerce or ebusiness field, advertising on E-Commerce News can bring you new sales leads and close new marketing channels. This news portal is read by over 25,000 people a week.

Businessmen and woman that either own an ecommerce website, an ebusiness franchise, a B2B commercial exchange or by people in all walks of life that need to keep abreast of this fast-changing field. For more information on the many advantages of advertising on our news portal or to request pricing information, please send us an email and a marketing representative will be glad to answer you promptly.

Contact | Submit News | News Archives | Home


Copyright E-Commerce News, 2005. All rights reserved.

 
Avantex offers professional Web hosting services at wholesale-only prices. Get the best Linux or Windows hosting package for your eCommerce website. Learn more by clicking here.