DUBLIN, May 10, 2010 (BUSINESS WIRE) -- Research and Markets (http://www.researchandmarkets.com/research/7302c2/us_retail_ecommer) has announced the addition of eMarketer's new report "US Retail E-Commerce Forecast: Room to Grow" to their offering.
The report forecasts that after two years of subpar growth, 2010 US retail e-commerce sales (excluding travel) will climb by 12.7% on volume of $152 billion. This follows the US Census Bureaus release showing that online sales in Q4 2009 grew by 14.6% over a year earlier, the biggest gain in eight quarters.
Online sales growth outperforms total retail growth because shoppers are moving more of their purchases from stores to the Web to take advantage of lower prices, convenience and selection.
Online travel sales will total $92.5 billion in 2010, a 4.6% annual increase.
This too will be a positive development after sales plummeted by 6.7% in 2009.
Together, online retail and online travel will equal $244.6 billion in 2010 and grow at a 9% compound annual rate from 2009 to 2014.
This year, 162 million people in the US will research products online, and much of this research will lead to in-store purchases. Over 82% of online researchers, or 133 million people, will be online buyers. The percent of online buyers will rise as young Internet users, predisposed to e-commerce, replace older users.
Key questions this report answers: What is the outlook for retail e-commerce sales in the US? How much does online travel contribute to e-commerce sales? What factors drive e-commerce sales growth? What percentage of Internet users shop and buy online? Some Key Topics Covered: Executive Summary The eMarketer View Retail E-Commerce Sales Online Shoppers Online Buyers Online Travel Sales Sources/Contributors: Booz & Company Collins Stewart LLC comScore Inc. Credit Suisse Deutsche Bank eMarketer Federal Communications Commission (FCC) Forrester Research Future of Privacy Forum IMshopping JPMorgan Mediamark Research & Intelligence (MRI) Pew Internet & American Life Project PhoCusWright Inc. Piper Jaffray & Co. US Census Bureau For more information visit http://www.researchandmarkets.com/research/7302c2/us_retail_ecommer SOURCE: Research and Markets CONTACT: Research and Markets Laura Wood, Senior Manager, email@example.com U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Copyright Business Wire 2010 -0- KEYWORD: United States
North America INDUSTRY KEYWORD: Online Retail