E-Commerce sales surging, say analysts
E-Commerce sales top 5.0 percent of total retail
Latest Logistics News
Technology Issue: Enter the “great digestion” era UPS reports first quarter earnings decline Solving the last-mile delivery issue in New York City UPS is set to take over USPS air cargo contract from FedEx UPS presents updated financial goals and strategic targets at its investor day More E-commerceAccording to IHS Global Insight, the first half of the year marked another record breaking performance for e-commerce retail sales.
“On a seasonally adjusted basis, the second quarter’s gain pushed sales to their highest level and claimed more share of total retail sales. Currently, e-commerce retail sales account for 5.1 percent of all retail sales,” said Chris Christopher, Jr. Senior Principal Economist, IHS Global Insight
The performance of cyber sales in the second quarter is stellar compared to the poor showing of the brick-and-mortar stores. In fact, many chain stores are looking towards cyber space to gain market share and supplement weak in-store sales. The rise of online retail sales is placing tremendous demand for residential parcel delivery services from companies such as UPS and FedEx.
“A recent game-changer has been the rising use of smart phones and tablets to browse and shop - All in the comfort of your own hands,” said Christopher.
IHS Global Insight projects e-commerce retail sales to increase about 17 percent during 2012 to reach somewhere in the $230 billion range, for another record breaking year.
Article Topics
E-commerce News & Resources
Technology Issue: Enter the “great digestion” era UPS reports first quarter earnings decline Solving the last-mile delivery issue in New York City UPS is set to take over USPS air cargo contract from FedEx UPS presents updated financial goals and strategic targets at its investor day FedEx fiscal third quarter earnings see gains amid ongoing volume declines National Retail Federation 2024 retail sales forecast calls for growth More E-commerceLatest in Logistics
UPS announces CFO Newman to leave company, effective June 1 Preliminary April North American Class 8 net orders are mixed Senators take a close look at Amazon with Warehouse Worker Protection Act Despite American political environment, global geopolitical risks could be easing Maryland DOT: $1.9 billion and up to four years to rebuild bridge sunk near Baltimore port April Services PMI contracts after 15 months of growth, reports ISM 2023 industrial big-box leasing activity heads down but remains on a steady path, notes CBRE report More LogisticsAbout the Author
Subscribe to Logistics Management Magazine
Find out what the world's most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today.
May 2024 Logistics Management
Latest Resources
