More Consumers Like The Online Life - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Business & Finance

More Consumers Like The Online Life

Americans spent $19.8 billion online in the first three months of this year, a 6.4% increase from the last three months of 2004 and whopping 24% increase from the same period a year earlier, the Census Bureau reported last week. Still, online retail sales represent a mere 2.2% of all first-quarter retail sales.

More consumers are comfortable buying goods online, says economist Anne Wenzel, principal at the economic and market consultancy Econosystems, citing a recent University of California at Los Angeles study showing that consumers with three or fewer years of online experience feel at ease making Internet purchases. "It's a change in lifestyle," she says.

Most online purchases fall into selected categories, such as travel, books, and music, Wenzel says. The Net remains a great place for consumers to research products before buying them at brick-and-mortar outlets, such as auto dealerships. "Dining out will never be replaced online," she says.

The Census Bureau began tracking online sales in fourth-quarter 1999, when Internet retail sales totaled just under $4.5 billion. Then, E-commerce retail sales represented 0.6% of total retail sales. Census Bureau data is seasonally adjusted; first-quarter 2005 figures are preliminary and fourth-quarter 2004 stats are revised.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
News
Data Science Salary Survey Reveals Market Shift
Jessica Davis, Senior Editor, Enterprise Apps,  6/27/2019
Commentary
A Practical Guide to DevOps: It's Not that Scary
Cathleen Gagne, Managing Editor, InformationWeek,  7/5/2019
Slideshows
How to Land a Job in Cloud Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  6/19/2019
Register for InformationWeek Newsletters
Video
Current Issue
A New World of IT Management in 2019
This IT Trend Report highlights how several years of developments in technology and business strategies have led to a subsequent wave of changes in the role of an IT organization, how CIOs and other IT leaders approach management, in addition to the jobs of many IT professionals up and down the org chart.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll