
And look to be going nowhere but up...
By Matt Hines
Published: 23 August 2004 09:45 BST
Online retail sales overseas continue to show significant growth, according to the latest figures released by the US Department of Commerce.
Statistics published on Friday by the federal agency indicate that e-tail sales reached $15.7bn in the US during the second quarter of 2004, a 23 per cent increase over the same period last year. Ecommerce made up approximately 1.7 per cent of the nation's $919bn in total retail sales, which rose nearly 8 per cent from a year ago.
On a quarterly basis, e-tail sales increased nearly 1 per cent, from $15.5bn in the first quarter of 2004.
The online retail market has been delivering solid gains for well more than a year. Last year was the most successful period yet for the sector. Revenue for e-tailers reached $93bn in 2003, a 27 per cent increase over 2002.
Some industry watchers have predicted that e-tail sales will continue to spike upward until 2010. Forrester Research recently estimated that online sales will more than double over the next six years, growing from $144bn in 2004 to $316bn in 2010.
Among the factors Forrester cited as contributing to the expansion of the online retail market were greater numbers of individual US households adopting online shopping habits, continued retailer innovations and ecommerce site improvements.
Another harbinger of potential growth for the e-tail segment is the sheer number of domain names being registered online, possibly indicating that more businesses are choosing to open up shop on the web. According to internet domain registrar VeriSign, registration of .com and .net domain names has grown at least 20 per cent in the last year.
Matt Hines writes for CNET News.com
A leading retail bank based in Milton Keynes are looking to appoint a new Head of eCommerce to deliver eCommerce Directorship to its online ...
Job Title: Senior Business Analyst eCommerce, UML, Retail Reporting: Project Manager Job Purpose Salmon is a highly innovative global systems ...
Division/Department Location 64 Clarendon Road, Watford, Hertfordshire Job Title J2EE/Java Developer eCommerce, J2EE, JSP, Struts, SQL, UML Reports ...
CIO50 2008
The silicon.com CIO50 2008 profiles the most influential and innovative tech chiefs in the UK across all industries and organisation size, from the biggest FTSE100 companies to high growth dot-com start ups and the public sector. The list was voted on by the UK CIO community and a panel of experts. Find out more in our latest special report.
Stories from the web...
Copyright ©1995-2008 CNET Networks, Inc. All rights reserved. Top of page
Steve Ranger Editor's Blog: The naked truth about DSL Is it time to rethink broadband pricing?
Natasha Lomas ¿Dónde está el iPhone 3G? Comment: It's clear who calls the shots in this relationship...