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10 Facts You Didn’t Know About eCommerce

eCommerce is expected to have a value of over $1.5 trillion by 2015.The current eCommerce sales has been a double digit growth for the last few years but still represents less than 10% of overall retail sales. Some other facts about the eCommerce industry are:

  1. Although Amazon.com launched in 1995, the first yearly profit wasn’t until 2003.
  2. Social media influences 46% of online users making a purchase decision.
  3. Pizza Hut was one of the first major brands to experiment with online purchasing in 1994.
  4. 26% of all products added to cart are abandoned and never purchased.
  5. The largest number of online purchases in the world if from Asia
  6. Apparel and accessories sales are the fastest growing category of the 9 major retail categories in eCommerce
  7. 79% of online shoppers want a tracking of their online purchase
  8. South Korea has the most purchases per capita
  9. People go online 1st for inspiration for gift ideas and 40% of users will make a purchase while researching online
  10. Consumers spend between $1,200 and $1,300 on online shopping per year



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