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Ecommerce

Ecommerce sales get boost from retailers focusing on online sales

Tuesday 12 September 2017 | 10:53 AM CET

A report by Statista shows that ecommerce sales will grow at a strong pace as many retailers are shifting focus on online sales and marketing.

The report shows that in 2015, online sales of physical goods amounted to USD 294.45 billion and are projected to surpass USD 485 billion in 2021 of which, the apparel and accessories segment will generate close to USD 100 billion in revenue.

The United States however, ranks behind several other countries in terms of ecommerce sales as percentage of total retail sales. In 2016, almost a fifth of China's retail sales occurred via the internet, compared to only 8.1% in the United States.

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