Making the right decisions for your business starts with having the most accurate and up-to-date information available. Our Industry Market Monitors keep you abreast of events, trends, and market forces that shape and guide your industry.
Spring 2016 Highlights:
•Online retail sales accounts for $340.8 billion or 7.3% of total U.S. retail sales in 2015, representing an all-time high.
•Online sales account for approximately two-thirds of total retail sales growth in 2015.
•Over the next 5 years, online retail sales are expected to grow at a CAGR of 9.3% to $523 billion.
•The continued growth of online retailing has forced traditional brick-and-mortar retailers to close locations, focus on smaller stores and acquire online resources in order to compete in an omni-channel retail environment.
•Online sales from mobile platforms (m-Commerce), which includes smartphones and tablet devices, is estimated to reach approximately $89.0 billion in 2015, representing 56.2% growth from 2014.