WordPress Hosti
HomeeCommerceWhat Retailers Need to Know about Online Shopping

What Retailers Need to Know about Online Shopping

Best Jumia Tech Week Deals

Can you imagine a world without online shopping? It has become so ever-present in our world. Not only can you online shop for daily necessities such as groceries, but you can figure out whether you want them delivered to your home or pick them up.

The level of flexibility is unmatched. There’s online shopping that allows you to ship items wherever you want and however you want, such as gifts to people (and even get them gift wrapped).

There’s online shopping that connects you with the biggest big boxes of them all and the smallest marketplaces, too.

But what does online shopping look like today and what will it look like in the future? That’s what retailers and economists everywhere want to know.

Take a look at sales only, for example. In one year, they totalled over $500 billion in America, and about $3 trillion across the globe.

And if you look at who is shopping online, the higher the income percentage the more likely they are to be shopping online. Even so, looking outside of income alone, eight in ten Americans bought something online at least once.

If you think about online shopping, it’s remarkable to realize that it’s just under three decades old. And in just a few more years, that $3 trillion is forecasted to be almost $5 trillion.

- Advertisement -Fiverr Business

Although statistics from the United States feel pretty robust, there are nothing compared to China.

There, total online shopping is over $700 billion a year. But it’s an interesting statistic, because shopping from other countries as a part of online shopping is tremendous — well over half.

That would likely be bigger if some products weren’t prohibited, too. So what else does the global online shopping world look like? This infographic offers some interesting insights.

Things Retailers should know about Online Shopping

Related Topics

AliExpress 11 11 Sales
NaijaTechGuide may receive financial compensation for products/services purchased through affiliate links on this site. See full Affiliate Disclosure Here
NaijaTechGuide Team
NaijaTechGuide Team
NaijaTechGuide Team is made up of Experienced Tech Enthusiasts and Professionals led my Paschal Okafor, a graduate of Electrical and Electronics Engineering with over 17 years of Experience writing about Technology. Some of us were writing about Mobile Phones before the first Android Phones and iPhones were launched.

Recommended Read on NaijaTechGuide

Best Marketing Automation Software 2024

You need the best marketing automation software to scale your business fast and convert...

Best Content Marketing Tools for 2024

As a content marketer, you have a lot of tasks to accomplish. You need...

Best VPN Services Providers for 2024

The internet is one of the greatest achievements of humanity, but it is also...

Best 20KVA Generators to Buy in 2024

Generator sets, as an alternate source of power supply, come in their different sizes...

Best Laptops for Students 2024: 11 Top Picks to Choose From

So, you are a student who is looking to get the best laptop they...

Cheap Android Phones 2024 – Price, Specs, and Best Deals

Android phones are the most popular smartphone category. The popularity of Android phones are...

Best Android Phones 2024 – Price, Specs, and Best Deals

New Android Phones are launched into the market every week. This means that if...

Best Web Hosting Services for Building Websites in 2024

A good and reliable web hosting service will make a big difference for your...
Fiverr Business

More like this

SEO Strategies for Agribusiness: Increasing Organic Reach for Fruit Sellers

Are you a fruit seller looking to expand your market reach and increase sales? In...

Best 3 Sites To Sell Gift Card In Nigeria

Gift card trading has become a norm that many Nigerians use to earn extra...

Top 10 Must-Have Magento Extensions for Your E-commerce Store

Hold onto your spacesuits, cosmic entrepreneurs! Running an online store on Magento feels like...