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Showing posts with label Internet Shopping. Show all posts
Showing posts with label Internet Shopping. Show all posts

October 8, 2013

Online Retail Development Index :Top 5 Fastest Growing eCommerce Markets

A.T. Kearney, a market research firm, recently released the results of its latest study, the Global Retail Development Index (GRDI). This report lists the top 30 emerging markets that are identified as promising locations to set up a retail business.

Here are the top 5  Fastest Ecommerce and Online Retail  Markets,( the Ecommerce Index according to Kearney. These are the top 5 nations on this index: 

1. China: With 513 million internet users,  a robust  online marketplace has 164 million online shoppers, and is valued at $23 billion and predicted to hit $81 billion within 5 years, with an annual growth rate of 78% since 2006

2. Brazil: Its 80 million internet users performed 20 million transactions in 2011 in a marketplace that is valued at $10.6 billion currently, and expected to increase its online spend to $18.7 billion by 2017. 3. Russia:

3. Russia :With 60 million online users, Russia is the largest European internet population. Its 15 million online shoppers make purchases on an online marketplace that is worth around $9 billion, and expected to increase up to $16 billion by 2016
4. Chile: This country has grown 27% since 2006   and has the highest percentage of online shopping, with 71% of users purchasing on the internet.Although its $749 million sales are relatively few compared to other markets. These figures are expected to double in the next 5 years though. 

5.Mexico: Mexico’s internet penetration is the fastest growing worldwide, online sales are currently valued at $1.2 billion per year, and expected to triple to $4.4 billion by 2016.

September 26, 2012

Global B2b e-commerce to exceed $1.25 trillion, China to grow at 130%

Global business-to-consumer e-commerce sales will pass the 1 trillion euro ($1.25 trillion) mark by 2013, and the total number of Internet users will increase to approximately 3.5 billion from around 2.2 billion at the end of 2011, according to a new report by the Interactive Media in Retail Group (IMRG), a U.K. online retail trade organization.

The study estimates that business-to-consumer e-commerce sales in 2011 increased to 690 billion euros ($961 billion), an increase of close to 20% from a year earlier.
The United States remains the world’s single biggest e-commerce market, IMRG says, followed by the United Kingdom and Japan.

IMRG estimates that growth rates in those countries will be approximately 10-15% a year.  But with China’s e-commerce sales growing more than 130% in 2011, it is only a matter of time before the Asian giant becomes the single largest market in the world.

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May 10, 2012

Mexico and Brazil Power 2012 Ecommerce Growth in Latin America

Ecommerce in Brazil Surges with Middle-Class Adoption - eMarketer:

The future of ecommerce in Brazil is looking bright. According to the March 2012 “WebShoppers” report from e-bit, a leading ecommerce data provider in Brazil, the number of online buyers in the country reached 31.9 million in 2011, an increase of nearly 9 million over 2010. The firm reported that 2011’s growth was due mostly to a surge in middle-class buyers, who made up 61% of all first-time buyers that year

According to e-bit forecasts overall spending to increase as more consumers shop online, with sales in 2012 reaching $12.6 billion, a 25% rise over 2011’s total. However, average ticket size fell from $202 in 2010 to $189 in 2011.

According to Forbes  E-commerce is booming in Brazil. Supported by a growing middle class, Brazil’s e-commerce total revenue for 2011 was over $11 billion, nominal value 26% greater than that of 2010, $8.4 bn. In total, 32 million consumers in Brazil bought at least once via the web in 2011. The average order was $ 210, with 9 million new e-consumers.

Mexico also appears poised for significant e-commerce growth. Online sales will reach $3.4 billion in 2016, up 209% from $1.1 billion in 2010, the report says. The report estimates that about a third of the Mexican population, or about 40 million consumers, are online, and that many Mexican consumers remain worried about being defrauded by online retailers.


May 9, 2012

How Retail Brands are marketing the SOMOLO Shoppers

The SOLOMO shoppers are  those users  who " social networked via Mobile and used Location devices to research and  shop. The above infographic shows how " SOLOMO shoppers play a huge role as technology  adapters and play a huge role in influencing their social circle.

May 1, 2012

August 29, 2011

U.S. Online Retail Spending,Up 14 Percent , To $37.5 Billion in Q2

Retail E-Commerce (Non-Travel) Growth Rates
Excludes Auctions, Autos and Large Corporate Purchases
Total U.S. – Home & Work Locations
Source: comScore, Inc.

Online retail spending reached $37.5 billion for the quarter, up 14 percent versus year ago. This growth rate represented the seventh consecutive quarter of positive year-over-year growth and third consecutive quarter of double-digit growth rates

Other highlights from Q2 2011 include:
  • The top-performing online product categories were: Consumer Electronics (excl. PC peripherals), Computer Hardware, Computer Software, and Event Tickets. Each category grew at least 15 percent vs. year ago.
  • The top 25 online retailers accounted for 66.4 percent of dollars spent online, down from 67.7 percent a year ago and down from a peak of 69.9 percent in Q3 2010, as small and mid-sized retailers continue to regain lost market share.
The 14-percent growth in the quarter was primarily a function of an increase in the number of buyers (up 16 percent), with 70 percent of all Internet users making at least one online purchase in the quarter
source : Comscore