Thursday, May 5, 2016

U.S. online sales will surpass $530 billion by 2020

Shoppers in the U.S. will spend more than $530 billion online by 2020 according to Forrester Research Inc.

In a new report from Forrester titled “U.S. Online Retail Forecast: 2015 to 2020,” Forrester vice president and principal analyst Sucharita Mulpuru projects U.S. shoppers will spend $530.6 billion online by 2020, up 56.9% from Forrester’s estimate of $338.1 billion in 2015 and 42.4% from a projected $372.5 billion this year.

“Of the total growth in e-commerce between 2014 and 2015, Amazon’s U.S. online retail business comprised 60%,” Mulpuru writes. . . . more

No comments: