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Take Advantage of E-Commerce Spending Growth


Spending Up 10% From Last Year According to Research

comScore recently released its Q1 2010 U.S. retail e-commerce sales estimates. The firm found that online retail spending neared $34 billion for the quarter, a 10 percent increase compared to last year.

Are you finding new ways to reach customers online? Comment here.

This is the first time growth rates actually reached double-digits since the second quarter of 2008, according to comScore. Take a look at this table of growth rates:

comScore - E-commerce growth

"The first quarter returned the U.S. retail e-commerce market to healthy double-digit growth rates," says comScore chairman Gian Fulgoni. "While these spending gains provide reason for optimism, we should note that upper-income households are currently shouldering much of the growth. Should the economy falter in the second half of the year and upper-income consumers return to a savings mode, we could still see growth decelerate. But for the time being, this momentum is encouraging."

Other highlights among comScore's findings include:


- Growth in the first quarter was predominantly driven by upper-income consumers, with spending among the $100,000+ household income segment up 14 percent.

- Pureplay (online-only) retailers continued to gain e-commerce spending market share from multichannel retailers.

- Larger online retailers continued to generate higher growth rates than smaller retailers, but the smaller retailers are finally beginning to see positive growth once again.


Businesses have more ways than ever to reach consumers online to increase sales, and this only appears to be increasing. Just yesterday Amazon, for example, launched its new WebStore e-commerce product, which lets businesses take advantage of the Amazon platform and design sites around it, while minimizing the Amazon branding itself, but utilizing its trusted checkout process.

Of course Facebook is looking to play an increasingly great role in online shopping. There are already numerous apps catering to this, and Facebook itself is closing in on 500 million users.

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News Tags: Research, e-commece, comScore
About the author:
Chris is a content coordinator and staff writer for SmallBusinessNewz and the iEntry Network. Subscribe to SmallBusinessNewz RSS Feeds.

Comments

Great news...

Thanks, for the encouraging news, Chris. Since my safety and security store is online only, I'm always looking for new ways to attract new customers.

Returning to sales curve

What is interesting to me about this Chris is that it is the e-tailers, especially the pure-players, that are able to turn the light on fastest when it comes to recovering from the recession, because the 'time to live' in terms of generating revenue is that fast online.

Understanding your market in

Understanding your market in time of turbulence is crucial to the livelihood of businesses in the carpet showroom redmond & epoxy paint industry.

Why do you allow these

Why do you allow these spammy comments like this? Clearly, they are only trying to get a link!

E-Commerce Spending Growth

The webinar presentation will include an overview of changes in consumers’ online spending patterns through Q1 2010, survey findings that highlight consumer sentiments regarding the economy, as well as an analysis of spending patterns across key product categories, retailer sectors and consumer demographic segments.

This is great data for

This is great data for business analysts to consider their budget for e commerce expenditure. It is interesting to note that there is a down trend. Is this because we are maintaining our already established strategy? Or is it that the flood has occurred? SOme are saying businesses are becoming confused with the methods and the results are clouded. I am not sure, but would welcome some comment.

Ecommerce is continue

Ecommerce is continue growing up until this time. It has been a trend for many years now. The number of customers shopping online is also fast increasing. A lot of companies are also thinking of engaging into this kind of business. Social networking sites play important roles in online shopping

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recovering from the recession, because the 'time to live' in terms of generating revenue is that fast online. air conditioning repair los angeles

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