Wales Tourism and Visit Planning

Jupiter Research Reports US Online Retail will Reach $65 Billion in 2004

Holiday In Wales Jupiter Research has announced it forecasts that U.S. online retail sales will reach $65 billion in 2004, and will continue to grow by a compound annual growth rate of 17% through 2008 to top $117 billion.

Jupiter Research forecasts that in 2004, U.S. online retail sales will reach $65 billion. " commerce, " explained Jeff Axelrod, Sales Manager at Netfirms. "We want to make it easy for our customers to take advantage of this online retail marketplace. Up until now, store has been daunting; but Netfirms Commerce Pro is easy to customize and it s installed with a single click."

Holiday Wales Though still a relatively small component of overall U.S. retail sales, 5% by 2008, the influence of online retail goes far beyond the confines of the Web. Consumers continue to research purchases online before buying in store. In fact, Jupiter Researchs forecast projects that by 2008, nearly 30% of offline retail purchases will be influenced by research performed online.

But sales of pet supplies, cosmetics and fragrances will increase faster than other categories at growth rates of over 30 percent, the report found. Last year, online sales rose 25 percent to $176.4 billion, with 28 percent growth in online purchases excluding travel. Total Internet sales in 2004 and 2003 reached $141.4 billion and $114.1 billion, respectively, Silverman said. "I think we're still looking for the next several years (for) growth over 20 percent per year, " he said, adding that growth closer to 30 percent was probably not sustainable.

Cottage Holiday In Wales These findings were released in Jupiter Researchs new report Market Forecast: U.S. Retail 2004-2008. The online retail growth is fueled by two main factors: new online buyers and increased average spending per buyer. As Internet usage matures and the online population reaches saturation, the growth in new consumers choosing to buy online will gradually slow and reach a penetration of 67% of all online users by 2008. However, through 2008, average spending per buyer growth shows steady increases and will be close to $780 per buyer by 2008. Consumers will continue to embrace the convenience of shopping online over the next five years, noted Jupiter Research Analyst Patti Freeman Evans.

- by as much as 86% in 2002, says Chief Executive Officer Jon Nordmark. ever holiday season for Internet retail sales. Online holiday retail sales in the U.S. are likely to surge to $26 billion this year, up 18% from a year ago, according to Jupiter Research, a unit of Jupitermedia Corp. digit increases. Meanwhile, the National Retail Federation projects total holiday retail sales will increase to $435.3 billion this year, up 5% from a year ago.

Caravan Holiday In Wales Not all retail categories will grow at the same rate. Jupiter Researchs forecast groups retail categories in three growth modes: Plateau, Steep and Steady. Categories in the Plateau group will experience compound annual growth rates of below 10% and include early success areas like PCs, books and software. Areas of steep growth (above 30% CAGR) are found primarily in the home and personal care categories like home improvement, grocery and over the counter drugs. The remaining categories comprise half of total online retail sales and include heavy volume players such as apparel and consumer electronics.

click advertising, which, according to Jupiter Research, will increase by almost 50 percent to generate $1.6 billion in ad revenues this year.

Camping Holiday Wales  

The Debises are part of a trend that' online exchanges that let ticket hunters find out the going rate and make a buy without the anxiety of an auction. According to Jupiter Research's Retail Forecast Summary, the online channel will account for 18.5 percent of all event ticket sales this year. By 2009, online sales will take a 22.7 percent share. (Jupiter Research and internetnews.com are owned by JupiterMedia.)

[ Comment, Edit or Article Submission ]