Forrester, the global research and advisory firm, predicts that ecommerce will create another 161,000 jobs over the next 5 years in addition to the existing 409,000 jobs. The new jobs will be created mainly in Customer Service, Technology and Fulfillment departments.
Baynote has created an infograhic to give a broader perspective on this:
European e-commerce is booming. This is apparent from the forecast issued by Ecommerce Europe, the new European umbrella organisation for online retailers. European online revenue is expected to grow around 22 per cent in 2012. Online purchases are increasing explosively, in particular in Southern and Eastern Europe. Ecommerce Europe figures are compiled in cooperation with various e-commerce associations around Europe and in cooperation with GfK.
Ecommerce Europe expects total e-commerce turnover of products and services in 2012 to reach over 305 billion euro, compared with 254 billion euro in 2011. Growth figures in countries in Southern and Eastern Europe are noticeably high. Countries in the East, such as Poland and Czech Republic have expected growth figures ranging between 25 to 30 per cent. Turnover is also rapidly increasing in other countries, particularly in France (20%), the Netherlands (10%), Germany (25%), Belgium (20%), Italy (19%) and Spain (19%). According to Ecommerce Europe the United Kingdom, France and Germany represent about 70% of the total EU market. Read more
Steve DelBianco, executive director of NetChoice, said there is “big momentum” for federal legislation that would allow states to require online retailers to collect sales tax – but thinks it would throw the ecommerce world into chaos.
“It’s a nightmare coming your way,” DelBianco said at last month’s National Etailing and Mailing Organization of America fall directXchange conference. “It would be a pretty crushing burden to handle.”
Should one of the three pending bills (Main Street Fairness Act, Marketplace Equity Act, and Marketplace Fairness Act) become law, DelBianco said ecommerce and catalog companies would receive free software to help administer the collection of sales tax. “It’s free the way a puppy is free,” DelBianco said. “It’s a nightmare coming your way.”
If enacted, the collections of sales tax by online retailers would repeal the 1992 Supreme Court decision, Quill Corp. vs. North Dakota, which said states are not allowed to require out-of-state companies to collect sales taxes unless that company has a physical presence, such as a store or warehouse, in the state. Small companies (those with sales of $1 million or less nationally or less than $100,000 in a given state) would be exempt from the requirement. Read more
There may be a lot of buzz around mobile shopping, but retailers are being cautious in their plans to spend on mobile and tablet initiatives. Fifty percent of retailers spent less than $100K on smartphone investments and 74% spent the same amount on tablet initiatives in 2011, according to the 2012 Shop.org/ForresterResearch Inc. State of Retailing Online survey.
For 2012, retailers are showing a willingness to spend a little more on tablet initiatives: $207K on average, compared to an average of $55K spent in 2011. And in 2012, only 9% of companies said they would make no investments for tablet or smartphones, down from 18% making no investment in tablet and 14 percent for smartphone initiatives in fiscal year 2011. Read more
Do you want your business to grow despite the global recession? Are you looking for a market that is growing at a scorching pace of 26% (calculated on a year on year basis)? If yes, then you should probably think of becoming an e-commerce retailer in Brazil. The country which is seen as part of the BRICS (Brazil, Russia, India, China and South Africa) grouping that are poised to power the global economy in this decade boasts of a thriving e-commerce market. The market for e-commerce in Brazil is now estimated to be around $12.7 Billion for the year 2012 also saw consolidated revenues of over $11 Billion for 2011. This is apart from the revenues of the group buying websites like Groupon. Isn’t this exciting and potent with possibilities for growth in an otherwise sluggish global economy?
The e-commerce market in Brazil is mainly powered by the electronic appliances (15%), fashion and accessories segment (7%) as well as a market for mobiles and computers (12%) along with the bread and butter websites like Groupon. Considering the fact that internet penetration that covers around 78 Million people which is a shade less than half of the total population of the country, it is indeed noteworthy that the e-commerce market is growing so rapidly. With moves afoot to increase the online users by greater internet penetration, things would only get better. The remarkable aspect of the growth in the e-commerce segment is that around 41% of the total online population bought products over the internet which means that there is lot of scope to grow the e-commerce market even more. Read more
Ecommerce is a burgeoning global industry on a very impressive scale, and it doesn’t appear to be experiencing any slowing due to the economic recession. With Internet Retailer releasing its “2012 Top 400 Europe” publication, it’s clear to see the international nature of the industry. The landscape of the EU industry in particular and US e-retailers place in it is remarkable in two main ways. First, the number of successful companies making gains is impressive as 33 US companies ranked in the list of the top 400 retailers operating in the European market. More notable, however, is that US companies had collective sales of €20.2 billion ($26.1 billion) in 2011 growing from €15.9 billion ($20.6 billion) in 2010.
This is significant growth especially when considering they beat the growth experienced by European e-retailers in their own market. US companies accounted for 25% of 2011 sales for the Top 400 online retailers in Europe, up from 23.4% a year earlier. This suggests US companies are gaining more than just a foothold; they are thriving and not turning back, trying to gain as much market share as possible going forward. Read more
In order to strengthen its online presence, the retail giant Wal-Mart Stores Inc. has named Neil Ashe as the President and Chief Executive Officer (CEO) of its global eCommerce business, effective immediately.
Ashe will replace the retiring Eduardo Castro-Wright, who will assist the new CEO in the transition process.
Until recently, Ashe served as the president of CBS Interactive, where he was responsible for handling all online properties and the development of innovative ways to distribute programming produced by the media giant and its subsidiaries. Prior to that, Ashe served as the CEO of CNET Networks, initially best known for providing technology-related information, product reviews and price comparisons through CNET.com. Read more
The European Commission has unveiled an action plan for doubling the volume of e-commerce in Europe by 2015. It says the internet economy creates 2.6 jobs for every offline job lost.
The EU said today that the gains brought by lower online prices and a wider choice of available products and services are estimated at €11.7bn, equivalent to 0.12pc of European GDP.
If 15pc of retail sales were e-commerce and the obstacles to the internal market were removed, the gains for consumers might be as much as €204bn, or 1.7pc of European GDP.
The commission warned, however, that there are many obstacles preventing consumers and businesses from investing fully in online services: ignorance or uncertainty about the applicable rules, offers that lack transparency and are hard to compare, and payments and modes of delivery that are often expensive and unsuitable. Read more
IBIS, a research firm, predicts that Australian ecommerce industry will go grow steeply in the coming years . It is expected to reach $10 billion in five years with a Year-on-Year growth of 8.6%
IBIS World identifies strong consumer demand and a dramatic increase in the range of goods available online as the major catalysts for e-commerce growth. However, the industry is still hindered by lack of infrastructure as service providers such as Australia Post attempt to play catch up. Read more